Freedom Holding Corp. (NASDAQ:FRHC) Short Interest Update

Freedom Holding Corp. (NASDAQ:FRHC) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 523,300 shares, a drop of 5.8% from the September 30th total of 555,500 shares. Based on an average daily volume of 85,400 shares, the short-interest ratio is currently 6.1 days. Approximately 2.9% of the company’s stock are short sold.

Freedom Stock Down 1.8 %

Shares of Freedom stock opened at $106.46 on Friday. The stock has a 50-day simple moving average of $98.08 and a 200-day simple moving average of $84.55. Freedom has a 52-week low of $64.00 and a 52-week high of $112.34. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 18.58 and a beta of 1.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.20 and a quick ratio of 1.20.

Freedom (NASDAQ:FRHC) last posted its earnings results on Friday, August 9th. The company reported $0.57 EPS for the quarter. The company had revenue of $450.72 million during the quarter. Freedom had a net margin of 19.32% and a return on equity of 32.00%.

Hedge Funds Weigh In On Freedom

Institutional investors have recently bought and sold shares of the stock. EntryPoint Capital LLC raised its stake in shares of Freedom by 110.7% in the 1st quarter. EntryPoint Capital LLC now owns 986 shares of the company’s stock valued at $70,000 after acquiring an additional 518 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Freedom in the first quarter worth $426,000. Quest Partners LLC boosted its holdings in shares of Freedom by 901.9% during the 2nd quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock worth $406,000 after buying an additional 4,852 shares during the period. Sparta 24 Ltd. acquired a new position in Freedom in the 2nd quarter valued at $1,996,000. Finally, Marshall Wace LLP bought a new position in Freedom in the 2nd quarter worth $618,000. 1.26% of the stock is currently owned by institutional investors.

About Freedom

Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking services. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer’s account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services.