Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Sees Large Decrease in Short Interest

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 571,800 shares, a decline of 45.5% from the February 28th total of 1,050,000 shares. Based on an average trading volume of 305,800 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.4% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price objective on Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an “overweight” rating for the company in a research report on Monday, December 2nd.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

A number of hedge funds and other institutional investors have recently made changes to their positions in KSPI. Marshall Wace LLP boosted its holdings in Joint Stock Company Kaspi.kz by 1,095.0% in the fourth quarter. Marshall Wace LLP now owns 125,241 shares of the company’s stock valued at $11,862,000 after acquiring an additional 114,761 shares during the last quarter. Abacus FCF Advisors LLC purchased a new stake in shares of Joint Stock Company Kaspi.kz during the 4th quarter worth about $684,000. Geode Capital Management LLC increased its position in Joint Stock Company Kaspi.kz by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 167,451 shares of the company’s stock worth $15,859,000 after purchasing an additional 1,440 shares in the last quarter. Flossbach Von Storch SE raised its holdings in Joint Stock Company Kaspi.kz by 20.0% in the fourth quarter. Flossbach Von Storch SE now owns 15,000 shares of the company’s stock valued at $1,421,000 after buying an additional 2,500 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Joint Stock Company Kaspi.kz during the third quarter worth approximately $7,942,000. Hedge funds and other institutional investors own 32.20% of the company’s stock.

Joint Stock Company Kaspi.kz Trading Up 1.3 %

KSPI stock traded up $1.23 during midday trading on Friday, hitting $94.04. The stock had a trading volume of 332,357 shares, compared to its average volume of 300,845. The company’s 50-day moving average price is $99.07 and its 200 day moving average price is $103.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $18.76 billion, a PE ratio of 9.08 and a beta of 1.28. Joint Stock Company Kaspi.kz has a 12-month low of $86.24 and a 12-month high of $143.72.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.