Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) Sees Significant Growth in Short Interest

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 1,742,927 shares, a growth of 18.2% from the February 26th total of 1,475,044 shares. Based on an average trading volume of 796,687 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.9% of the shares of the stock are short sold.

Institutional Trading of Joint Stock Company Kaspi.kz

Several hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC increased its holdings in shares of Joint Stock Company Kaspi.kz by 15.3% in the fourth quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock valued at $296,000 after purchasing an additional 502 shares in the last quarter. SG Americas Securities LLC bought a new position in Joint Stock Company Kaspi.kz in the 4th quarter valued at $306,000. North of South Capital LLP acquired a new stake in shares of Joint Stock Company Kaspi.kz in the 4th quarter valued at $1,425,000. Renaissance Capital LLC increased its stake in shares of Joint Stock Company Kaspi.kz by 36.7% in the 3rd quarter. Renaissance Capital LLC now owns 89,750 shares of the company’s stock valued at $7,331,000 after buying an additional 24,115 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of Joint Stock Company Kaspi.kz by 16.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock worth $13,057,000 after acquiring an additional 23,500 shares during the last quarter. 32.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Zacks Research upgraded shares of Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings upgraded shares of Joint Stock Company Kaspi.kz from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, March 17th. Finally, Susquehanna cut shares of Joint Stock Company Kaspi.kz from a “positive” rating to a “neutral” rating and set a $87.00 price objective on the stock. in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $96.67.

Joint Stock Company Kaspi.kz Stock Up 2.6%

KSPI traded up $1.85 during trading on Tuesday, hitting $74.07. The company’s stock had a trading volume of 403,048 shares, compared to its average volume of 647,373. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 6.86 and a beta of 0.93. The firm’s 50 day moving average price is $74.23 and its two-hundred day moving average price is $76.39. Joint Stock Company Kaspi.kz has a 12 month low of $68.59 and a 12 month high of $99.20.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last announced its earnings results on Sunday, February 15th. The company reported $2.84 earnings per share for the quarter. Joint Stock Company Kaspi.kz had a return on equity of 48.73% and a net margin of 26.59%.The company had revenue of $2.26 billion during the quarter. On average, sell-side analysts forecast that Joint Stock Company Kaspi.kz will post 11.32 earnings per share for the current year.

Joint Stock Company Kaspi.kz Company Profile

Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.