Short Interest in Freedom Holding Corp. (NASDAQ:FRHC) Decreases By 5.1%

Freedom Holding Corp. (NASDAQ:FRHC) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 598,600 shares, a decline of 5.1% from the August 15th total of 631,100 shares. Based on an average daily trading volume, of 95,000 shares, the short-interest ratio is currently 6.3 days. Approximately 3.4% of the company’s shares are sold short.

Freedom Trading Up 0.2 %

NASDAQ FRHC opened at $95.86 on Thursday. The firm has a market cap of $5.81 billion, a PE ratio of 15.19 and a beta of 1.04. Freedom has a 1-year low of $64.00 and a 1-year high of $97.87. The stock has a 50-day moving average of $87.10 and a 200-day moving average of $77.96. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.03.

Freedom (NASDAQ:FRHC) last released its quarterly earnings data on Friday, August 9th. The company reported $0.57 earnings per share for the quarter. Freedom had a return on equity of 32.00% and a net margin of 19.32%. The firm had revenue of $450.72 million during the quarter.

Institutional Investors Weigh In On Freedom

Several institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new position in shares of Freedom during the first quarter valued at about $426,000. Jump Financial LLC bought a new position in Freedom during the 4th quarter valued at approximately $311,000. Quest Partners LLC purchased a new stake in Freedom in the 4th quarter worth approximately $79,000. Hsbc Holdings PLC grew its position in shares of Freedom by 21.9% in the 4th quarter. Hsbc Holdings PLC now owns 48,357 shares of the company’s stock worth $3,945,000 after buying an additional 8,674 shares during the last quarter. Finally, Sparta 24 Ltd. purchased a new position in shares of Freedom during the second quarter valued at approximately $1,996,000. Hedge funds and other institutional investors own 1.26% of the company’s stock.

Freedom Company Profile

Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, retail banking, corporate investment banking, and underwriting 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; 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.