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

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 462,200 shares, a decrease of 19.2% from the March 15th total of 571,800 shares. Based on an average daily volume of 331,000 shares, the short-interest ratio is presently 1.4 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Hedge funds have recently made changes to their positions in the business. Marshall Wace LLP boosted its holdings in 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 valued at $11,862,000 after acquiring an additional 114,761 shares during the period. Abacus FCF Advisors LLC bought a new stake in shares of Joint Stock Company Kaspi.kz in the fourth quarter worth about $684,000. Flossbach Von Storch SE increased 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 purchasing an additional 2,500 shares during the period. Finally, Geode Capital Management LLC lifted its holdings 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 buying an additional 1,440 shares during the period. 32.20% of the stock is currently owned by institutional investors.

Joint Stock Company Kaspi.kz Price Performance

Shares of Joint Stock Company Kaspi.kz stock traded down $3.56 during trading on Monday, hitting $82.02. 171,018 shares of the stock traded hands, compared to its average volume of 289,713. The firm’s fifty day moving average is $95.77 and its 200-day moving average is $100.60. The stock has a market cap of $16.36 billion, a price-to-earnings ratio of 7.92 and a beta of 1.44. Joint Stock Company Kaspi.kz has a 52 week low of $77.80 and a 52 week high of $143.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04.

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.