Short Interest in Freedom Holding Corp. (NASDAQ:FRHC) Rises By 18.5%

Freedom Holding Corp. (NASDAQ:FRHC) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 257,800 shares, a growth of 18.5% from the March 15th total of 217,600 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average trading volume of 87,700 shares, the days-to-cover ratio is currently 2.9 days.

Insider Transactions at Freedom

In related news, insider Sergey Lukyanov sold 1,958 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $160.53, for a total transaction of $314,317.74. Following the completion of the sale, the insider now directly owns 122,842 shares of the company’s stock, valued at approximately $19,719,826.26. This trade represents a 1.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Evgeny Ler sold 15,114 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $157.37, for a total value of $2,378,490.18. Following the completion of the transaction, the chief financial officer now directly owns 38,794 shares in the company, valued at $6,105,011.78. This trade represents a 28.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,973 shares of company stock worth $4,883,489. 70.40% of the stock is currently owned by insiders.

Institutional Trading of Freedom

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Freedom by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,863 shares of the company’s stock valued at $840,000 after purchasing an additional 124 shares in the last quarter. Barclays PLC raised its stake in Freedom by 1,263.2% in the third quarter. Barclays PLC now owns 4,144 shares of the company’s stock worth $393,000 after buying an additional 3,840 shares in the last quarter. State Street Corp lifted its holdings in Freedom by 19.0% during the third quarter. State Street Corp now owns 45,155 shares of the company’s stock worth $4,279,000 after buying an additional 7,207 shares during the period. Geode Capital Management LLC boosted its position in Freedom by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 53,338 shares of the company’s stock valued at $5,054,000 after acquiring an additional 811 shares in the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Freedom by 119.0% in the 4th quarter. AlphaQuest LLC now owns 4,154 shares of the company’s stock valued at $543,000 after acquiring an additional 2,257 shares during the period. 1.26% of the stock is owned by hedge funds and other institutional investors.

Freedom Price Performance

Freedom stock opened at $132.93 on Wednesday. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of 24.94 and a beta of 1.10. The firm has a 50-day moving average of $135.09 and a two-hundred day moving average of $127.86. Freedom has a 1 year low of $64.00 and a 1 year high of $164.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.28 and a quick ratio of 1.28.

Freedom (NASDAQ:FRHC) last released its quarterly earnings data on Friday, February 7th. The company reported $1.29 EPS for the quarter. Freedom had a return on equity of 26.63% and a net margin of 14.99%.

About Freedom

Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking services. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer’s account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services.