Katapult Holdings, Inc. (NASDAQ:KPLT) Short Interest Update

Katapult Holdings, Inc. (NASDAQ:KPLT) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 411,055 shares, a drop of 43.4% from the December 15th total of 726,081 shares. Based on an average trading volume of 105,373 shares, the short-interest ratio is currently 3.9 days. Approximately 10.4% of the shares of the stock are short sold. Approximately 10.4% of the shares of the stock are short sold. Based on an average trading volume of 105,373 shares, the short-interest ratio is currently 3.9 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Katapult in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $10.00.

Katapult Trading Down 0.3%

Shares of KPLT stock traded down $0.02 during mid-day trading on Thursday, reaching $6.92. The stock had a trading volume of 22,631 shares, compared to its average volume of 66,255. The firm has a market capitalization of $32.11 million, a PE ratio of -1.17 and a beta of 1.75. The stock’s 50-day moving average price is $6.55 and its two-hundred day moving average price is $11.17. Katapult has a 52-week low of $5.50 and a 52-week high of $24.34.

Katapult (NASDAQ:KPLT) last posted its earnings results on Wednesday, November 12th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.72). The company had revenue of $74.04 million during the quarter, compared to the consensus estimate of $74.55 million. On average, equities research analysts forecast that Katapult will post -3.09 earnings per share for the current year.

Hedge Funds Weigh In On Katapult

A number of hedge funds and other institutional investors have recently made changes to their positions in KPLT. Virtu Financial LLC purchased a new position in Katapult during the 3rd quarter valued at about $121,000. Two Sigma Investments LP purchased a new position in shares of Katapult during the third quarter valued at approximately $273,000. CIBC Bancorp USA Inc. bought a new stake in shares of Katapult in the 3rd quarter worth approximately $699,000. CIBC Private Wealth Group LLC grew its stake in shares of Katapult by 7.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 58,471 shares of the company’s stock worth $699,000 after buying an additional 4,249 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Katapult by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 131,054 shares of the company’s stock worth $1,567,000 after buying an additional 7,586 shares during the last quarter. Institutional investors own 26.81% of the company’s stock.

About Katapult

Katapult Holdings Inc is a New York–based fintech company that provides point-of-sale financing solutions designed to expand access to affordable consumer credit. The company’s platform enables retailers to offer lease-to-own and installment payment options to customers who may not qualify for traditional financing, using a data-driven credit decision engine and proprietary underwriting algorithms. Katapult’s digital approach streamlines the application process and automates account management, helping merchants boost conversion rates and average order values.

The company partners with a broad range of online and omnichannel retailers across categories such as furniture, electronics, outdoor equipment and consumer goods, integrating its financing options via APIs and plug-and-play modules.