Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Sees Significant Growth in Short Interest

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 1,050,000 shares, a growth of 16.2% from the February 13th total of 904,000 shares. Based on an average daily trading volume, of 286,200 shares, the days-to-cover ratio is presently 3.7 days. Approximately 0.7% of the shares of the stock are sold short.

Joint Stock Company Kaspi.kz Trading Up 1.4 %

KSPI traded up $1.34 during trading on Thursday, reaching $97.65. The company had a trading volume of 40,539 shares, compared to its average volume of 302,810. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. The business has a 50 day simple moving average of $98.69 and a 200-day simple moving average of $104.92. The stock has a market cap of $19.48 billion, a P/E ratio of 9.46 and a beta of 1.28. Joint Stock Company Kaspi.kz has a 52 week low of $86.24 and a 52 week high of $143.72.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price target 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

Several institutional investors have recently made changes to their positions in KSPI. Geode Capital Management LLC raised its position in Joint Stock Company Kaspi.kz by 0.9% in 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 during the period. Marshall Wace LLP raised its holdings in shares of 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 worth $11,862,000 after buying an additional 114,761 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Joint Stock Company Kaspi.kz during the 3rd quarter worth approximately $7,942,000. Flossbach Von Storch SE boosted its holdings in Joint Stock Company Kaspi.kz by 20.0% during the 4th quarter. Flossbach Von Storch SE now owns 15,000 shares of the company’s stock valued at $1,421,000 after acquiring an additional 2,500 shares during the period. Finally, Abacus FCF Advisors LLC bought a new position in Joint Stock Company Kaspi.kz in the 4th quarter valued at $684,000. Institutional investors own 32.20% of the company’s stock.

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.