Short Interest in Lesaka Technologies, Inc. (NASDAQ:LSAK) Decreases By 26.2%

Lesaka Technologies, Inc. (NASDAQ:LSAK) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 54,300 shares, a decline of 26.2% from the October 31st total of 73,600 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 33,300 shares, the short-interest ratio is presently 1.6 days.

Lesaka Technologies Trading Down 0.6 %

Shares of LSAK stock traded down $0.03 during trading hours on Friday, reaching $5.40. The company had a trading volume of 11,653 shares, compared to its average volume of 38,365. Lesaka Technologies has a 1-year low of $3.00 and a 1-year high of $5.60. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.73 and a quick ratio of 1.53. The firm has a market cap of $421.31 million, a price-to-earnings ratio of -21.60 and a beta of 0.93. The company has a 50 day moving average of $5.17 and a 200 day moving average of $4.88.

Lesaka Technologies (NASDAQ:LSAK) last released its earnings results on Wednesday, September 11th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The company had revenue of $146.05 million during the quarter, compared to analyst estimates of $149.30 million. Lesaka Technologies had a negative net margin of 2.85% and a negative return on equity of 9.15%. During the same period in the previous year, the company posted ($0.19) EPS. On average, equities research analysts anticipate that Lesaka Technologies will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Lesaka Technologies by 8.8% during the 2nd quarter. Renaissance Technologies LLC now owns 182,100 shares of the company’s stock worth $852,000 after buying an additional 14,700 shares during the period. Rathbones Group PLC increased its holdings in shares of Lesaka Technologies by 100.0% in the second quarter. Rathbones Group PLC now owns 1,272,332 shares of the company’s stock worth $5,955,000 after acquiring an additional 636,166 shares in the last quarter. Hosking Partners LLP raised its position in shares of Lesaka Technologies by 58.8% during the second quarter. Hosking Partners LLP now owns 2,607,388 shares of the company’s stock worth $12,203,000 after purchasing an additional 965,576 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Lesaka Technologies by 3.7% during the 1st quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company’s stock valued at $326,000 after purchasing an additional 3,137 shares in the last quarter. Institutional investors own 24.19% of the company’s stock.

Lesaka Technologies Company Profile

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa.