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

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) was the target of a significant decline in short interest in 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. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 305,800 shares, the days-to-cover ratio is presently 1.9 days.

Analysts Set New Price Targets

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

Joint Stock Company Kaspi.kz Price Performance

Shares of NASDAQ:KSPI traded up $1.23 on Friday, reaching $94.04. 332,357 shares of the company were exchanged, compared to its average volume of 300,845. The company has a 50-day moving average of $99.07 and a 200-day moving average of $103.41. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. The firm has a market cap of $18.76 billion, a price-to-earnings ratio of 9.08 and a beta of 1.28. Joint Stock Company Kaspi.kz has a 1-year low of $86.24 and a 1-year high of $143.72.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP boosted its stake in shares of Joint Stock Company Kaspi.kz by 1,095.0% during the 4th quarter. Marshall Wace LLP now owns 125,241 shares of the company’s stock worth $11,862,000 after acquiring an additional 114,761 shares in the last quarter. Abacus FCF Advisors LLC purchased a new stake in Joint Stock Company Kaspi.kz during the fourth quarter worth $684,000. Geode Capital Management LLC boosted its position in Joint Stock Company Kaspi.kz by 0.9% during the fourth 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 increased its position in shares of 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 in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Joint Stock Company Kaspi.kz during the 3rd quarter worth $7,942,000. 32.20% of the stock is currently owned by institutional investors and hedge funds.

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.