Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Short Interest Update

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,080,000 shares, a decline of 9.2% from the August 15th total of 1,190,000 shares. Based on an average trading volume of 225,500 shares, the days-to-cover ratio is presently 4.8 days.

Joint Stock Company Kaspi.kz Stock Down 3.2 %

Shares of NASDAQ KSPI traded down $3.90 during trading hours on Wednesday, reaching $119.62. 213,799 shares of the stock were exchanged, compared to its average volume of 281,345. The stock’s fifty day simple moving average is $127.11 and its 200 day simple moving average is $123.61. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. Joint Stock Company Kaspi.kz has a 52 week low of $85.02 and a 52 week high of $143.72.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last posted its quarterly earnings data on Thursday, August 1st. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.61). The business had revenue of $966.37 million during the quarter, compared to analysts’ expectations of $1.26 billion. On average, equities analysts forecast that Joint Stock Company Kaspi.kz will post 11.32 earnings per share for the current fiscal year.

Joint Stock Company Kaspi.kz Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 22nd were issued a $1.7916 dividend. The ex-dividend date was Thursday, August 22nd.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their price target on Joint Stock Company Kaspi.kz from $159.00 to $183.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. ANTIPODES PARTNERS Ltd acquired a new stake in Joint Stock Company Kaspi.kz during the first quarter worth approximately $128,000. Renaissance Capital LLC grew its holdings in shares of Joint Stock Company Kaspi.kz by 36.5% during the 2nd quarter. Renaissance Capital LLC now owns 10,230 shares of the company’s stock worth $1,320,000 after purchasing an additional 2,738 shares in the last quarter. Driehaus Capital Management LLC increased its position in shares of Joint Stock Company Kaspi.kz by 6.8% in the second quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company’s stock worth $2,840,000 after purchasing an additional 1,400 shares during the period. Russell Investments Group Ltd. acquired a new position in Joint Stock Company Kaspi.kz in the first quarter valued at about $19,063,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Joint Stock Company Kaspi.kz during the first quarter worth about $64,051,000. Institutional investors and hedge funds own 0.09% 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.