Katapult Holdings, Inc. (NASDAQ:KPLT) Short Interest Down 6.4% in March

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 65,500 shares, a decrease of 6.4% from the March 15th total of 70,000 shares. Based on an average daily trading volume, of 14,600 shares, the days-to-cover ratio is presently 4.5 days. Approximately 2.9% of the shares of the company are short sold.

Hedge Funds Weigh In On Katapult

A number of hedge funds have recently bought and sold shares of KPLT. BlackRock Inc. boosted its position in Katapult by 1.0% during the first quarter. BlackRock Inc. now owns 961,874 shares of the company’s stock worth $2,289,000 after purchasing an additional 9,971 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Katapult during the first quarter valued at approximately $27,000. Renaissance Technologies LLC acquired a new position in shares of Katapult during the first quarter valued at approximately $170,000. Cresset Asset Management LLC acquired a new position in shares of Katapult during the first quarter valued at approximately $30,000. Finally, State Street Corp raised its holdings in shares of Katapult by 5.5% during the first quarter. State Street Corp now owns 186,975 shares of the company’s stock valued at $445,000 after acquiring an additional 9,775 shares during the last quarter. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Katapult Trading Down 4.1 %

Shares of KPLT stock opened at $8.58 on Thursday. The company has a market capitalization of $34.88 million, a P/E ratio of -0.95 and a beta of 1.79. The business’s 50 day moving average is $12.70 and its two-hundred day moving average is $11.26. Katapult has a 12-month low of $8.26 and a 12-month high of $24.76.

Katapult (NASDAQ:KPLT) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($4.46) earnings per share (EPS) for the quarter. The business had revenue of $56.71 million for the quarter. Katapult had a negative return on equity of 6,063.05% and a negative net margin of 16.66%.

Katapult Company Profile

Katapult Holdings, Inc, an e-commerce focused financial technology company, provides e-commerce point-of-sale lease-purchase options for nonprime consumers in the United States. The company's technology platform provides nonprime consumers with a lease purchase option to enable them to obtain durable goods from its network of e-commerce retailers.