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

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 914,500 shares, a decrease of 7.1% from the September 30th total of 984,300 shares. Based on an average daily volume of 354,700 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Joint Stock Company Kaspi.kz in the first quarter worth $128,000. Renaissance Capital LLC raised its position in Joint Stock Company Kaspi.kz by 36.5% in the second quarter. Renaissance Capital LLC now owns 10,230 shares of the company’s stock valued at $1,320,000 after purchasing an additional 2,738 shares during the period. Driehaus Capital Management LLC lifted its stake in shares of Joint Stock Company Kaspi.kz by 6.8% during 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 in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Joint Stock Company Kaspi.kz in the first quarter worth about $19,063,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Joint Stock Company Kaspi.kz in the first quarter valued at about $64,051,000. Hedge funds and other institutional investors own 0.09% of the company’s stock.

Joint Stock Company Kaspi.kz Trading Down 3.1 %

Shares of KSPI opened at $110.14 on Friday. Joint Stock Company Kaspi.kz has a fifty-two week low of $85.02 and a fifty-two week high of $143.72. The company’s fifty day moving average is $114.09 and its two-hundred day moving average is $121.12. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last posted its quarterly earnings results on Thursday, August 1st. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. Equities analysts predict that Joint Stock Company Kaspi.kz will post 11.19 EPS for the current fiscal year.

Joint Stock Company Kaspi.kz Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, November 20th were issued a dividend of $1.7565 per share. The ex-dividend date was Wednesday, November 20th.

Analyst Ratings Changes

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

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.