Katapult Holdings, Inc. (NASDAQ:KPLT – Get 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:KPLT – Get 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
About Katapult
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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