Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Short Interest Up 9.2% in August

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) saw a significant growth in short interest in August. As of August 15th, there was short interest totalling 1,190,000 shares, a growth of 9.2% from the July 31st total of 1,090,000 shares. Based on an average trading volume of 239,700 shares, the short-interest ratio is presently 5.0 days.

Joint Stock Company Kaspi.kz Price Performance

Shares of KSPI stock traded up $1.62 during midday trading on Friday, reaching $130.93. 168,376 shares of the company were exchanged, compared to its average volume of 154,919. Joint Stock Company Kaspi.kz has a 12 month low of $85.02 and a 12 month high of $143.72. The company’s 50 day moving average price is $128.75 and its two-hundred day moving average price is $121.37. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last released its quarterly earnings results on Thursday, August 1st. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.61). The business had revenue of $966.37 million for the quarter, compared to the consensus estimate of $1.26 billion. As a group, analysts forecast that Joint Stock Company Kaspi.kz will post 11.32 EPS for the current fiscal year.

Joint Stock Company Kaspi.kz Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 22nd were given a dividend of $1.7916 per share. The ex-dividend date was Thursday, August 22nd.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. New Street Research assumed coverage on shares of Joint Stock Company Kaspi.kz in a report on Tuesday, May 7th. They set a “buy” rating and a $175.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of Joint Stock Company Kaspi.kz from $159.00 to $183.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Joint Stock Company Kaspi.kz in the first quarter valued at approximately $64,051,000. Baillie Gifford & Co. acquired a new stake in Joint Stock Company Kaspi.kz in the first quarter valued at approximately $147,577,000. Nikko Asset Management Americas Inc. acquired a new stake in Joint Stock Company Kaspi.kz in the first quarter valued at approximately $64,051,000. ANTIPODES PARTNERS Ltd acquired a new stake in Joint Stock Company Kaspi.kz in the first quarter valued at approximately $128,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Joint Stock Company Kaspi.kz in the first quarter worth $19,063,000. 0.09% of the stock is owned by hedge funds and other institutional investors.

Joint Stock Company Kaspi.kz Company Profile

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.