Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Short Interest Down 45.5% in March

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 571,800 shares, a decline of 45.5% from the February 28th total of 1,050,000 shares. Based on an average trading volume of 305,800 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.4% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an “overweight” rating for the company in a research note on Monday, December 2nd.

Joint Stock Company Kaspi.kz Trading Up 1.3 %

NASDAQ:KSPI traded up $1.23 during trading hours on Friday, hitting $94.04. The company had a trading volume of 332,357 shares, compared to its average volume of 300,845. Joint Stock Company Kaspi.kz has a 1 year low of $86.24 and a 1 year high of $143.72. The company has a market cap of $18.76 billion, a P/E ratio of 9.08 and a beta of 1.28. The company has a 50-day moving average of $99.07 and a 200 day moving average of $103.55. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Hedge funds have recently modified their holdings of the company. Abacus FCF Advisors LLC acquired a new position in Joint Stock Company Kaspi.kz in the 4th quarter valued at about $684,000. Flossbach Von Storch SE raised its position in shares of 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 buying an additional 2,500 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Joint Stock Company Kaspi.kz in the third quarter valued at approximately $7,942,000. Marshall Wace LLP grew its position in Joint Stock Company Kaspi.kz by 1,095.0% in the fourth quarter. Marshall Wace LLP now owns 125,241 shares of the company’s stock worth $11,862,000 after acquiring an additional 114,761 shares during the period. Finally, Geode Capital Management LLC increased its stake in Joint Stock Company Kaspi.kz by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 167,451 shares of the company’s stock worth $15,859,000 after acquiring an additional 1,440 shares during the last quarter. Hedge funds and other institutional investors own 32.20% of the company’s stock.

About Joint Stock Company Kaspi.kz

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.