Katapult Holdings, Inc. (NASDAQ:KPLT) Short Interest Down 6.4% in March

Katapult Holdings, Inc. (NASDAQ:KPLTGet Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 65,500 shares, a drop of 6.4% from the March 15th total of 70,000 shares. Currently, 2.9% of the shares of the stock are short sold. Based on an average daily volume of 14,600 shares, the days-to-cover ratio is presently 4.5 days.

Katapult Stock Down 4.1 %

Shares of KPLT opened at $8.58 on Thursday. The company has a 50-day simple moving average of $12.70 and a 200-day simple moving average of $11.26. The company has a market capitalization of $34.88 million, a PE ratio of -0.95 and a beta of 1.79. Katapult has a 52-week low of $8.26 and a 52-week high of $24.76.

Katapult (NASDAQ:KPLTGet Free Report) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($4.46) EPS for the quarter. Katapult had a negative net margin of 16.66% and a negative return on equity of 6,063.05%. The business had revenue of $56.71 million during the quarter.

Institutional Investors Weigh In On Katapult

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Katapult by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 111,840 shares of the company’s stock valued at $1,218,000 after buying an additional 5,814 shares during the period. State Street Corp boosted its holdings in shares of Katapult by 5.5% during the first quarter. State Street Corp now owns 186,975 shares of the company’s stock valued at $445,000 after acquiring an additional 9,775 shares during the period. BlackRock Inc. boosted its holdings in shares of Katapult by 1.0% during the first quarter. BlackRock Inc. now owns 961,874 shares of the company’s stock valued at $2,289,000 after acquiring an additional 9,971 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Katapult during the first quarter valued at about $27,000. Finally, Cresset Asset Management LLC bought a new stake in shares of Katapult during the first quarter valued at about $30,000. 26.81% of the stock is owned by institutional investors and hedge funds.

About Katapult

(Get Free Report)

Katapult Holdings, Inc, an e-commerce focused financial technology company, provides e-commerce point-of-sale lease-purchase options for nonprime consumers in the United States. The company's technology platform provides nonprime consumers with a lease purchase option to enable them to obtain durable goods from its network of e-commerce retailers.

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