Short Interest in Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Increases By 9.0%

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 809,500 shares, an increase of 9.0% from the December 15th total of 742,400 shares. Based on an average trading volume of 207,400 shares, the days-to-cover ratio is currently 3.9 days.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

Large investors have recently modified their holdings of the stock. Driehaus Capital Management LLC raised its position 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 acquiring an additional 1,400 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Joint Stock Company Kaspi.kz during the 3rd quarter worth about $7,942,000. Renaissance Capital LLC increased its stake in Joint Stock Company Kaspi.kz by 839.0% in the third quarter. Renaissance Capital LLC now owns 96,058 shares of the company’s stock valued at $10,181,000 after purchasing an additional 85,828 shares in the last quarter. Finally, Baillie Gifford & Co. increased its position in shares of Joint Stock Company Kaspi.kz by 39.0% in the 3rd quarter. Baillie Gifford & Co. now owns 4,649,484 shares of the company’s stock valued at $492,799,000 after buying an additional 1,305,625 shares in the last quarter. 32.20% of the stock is currently owned by institutional investors and hedge funds.

Joint Stock Company Kaspi.kz Stock Performance

Shares of KSPI stock opened at $92.87 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $102.38 and its 200 day simple moving average is $113.38. Joint Stock Company Kaspi.kz has a one year low of $85.02 and a one year high of $143.72.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last posted its earnings results on Tuesday, October 29th. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.31). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.34 billion. On average, equities analysts anticipate that Joint Stock Company Kaspi.kz will post 10.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased 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 report on Monday, December 2nd. Citigroup assumed coverage on shares of Joint Stock Company Kaspi.kz in a research note on Monday, November 4th. They set a “buy” rating and a $140.00 target price for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $147.20.

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.