Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Short Interest Up 16.2% in February

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,050,000 shares, an increase of 16.2% from the February 13th total of 904,000 shares. Based on an average daily volume of 286,200 shares, the days-to-cover ratio is currently 3.7 days. Approximately 0.7% of the company’s shares are short sold.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

Several institutional investors have recently modified their holdings of KSPI. Marshall Wace LLP grew its position in shares of Joint Stock Company Kaspi.kz by 1,095.0% during the 4th quarter. Marshall Wace LLP now owns 125,241 shares of the company’s stock worth $11,862,000 after buying an additional 114,761 shares during the period. 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. Abacus FCF Advisors LLC acquired a new position in shares of Joint Stock Company Kaspi.kz during the 4th quarter worth about $684,000. Flossbach Von Storch SE grew its position in shares of Joint Stock Company Kaspi.kz by 20.0% during the 4th quarter. Flossbach Von Storch SE now owns 15,000 shares of the company’s stock worth $1,421,000 after buying an additional 2,500 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Joint Stock Company Kaspi.kz by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 167,451 shares of the company’s stock worth $15,859,000 after buying an additional 1,440 shares during the period. 32.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price objective on Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an “overweight” rating for the company in a research report on Monday, December 2nd.

Joint Stock Company Kaspi.kz Price Performance

Shares of KSPI stock opened at $95.81 on Friday. The firm has a market cap of $19.11 billion, a price-to-earnings ratio of 9.25 and a beta of 1.28. Joint Stock Company Kaspi.kz has a 12 month low of $86.24 and a 12 month high of $143.72. The stock has a 50-day moving average price of $98.70 and a 200 day moving average price of $104.86. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04.

Joint Stock Company Kaspi.kz Company Profile

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.