Short Interest in Freedom Holding Corp. (NASDAQ:FRHC) Drops By 6.8%

Freedom Holding Corp. (NASDAQ:FRHC) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 555,500 shares, a decrease of 6.8% from the September 15th total of 596,100 shares. Based on an average daily trading volume, of 86,500 shares, the days-to-cover ratio is presently 6.4 days. Approximately 3.1% of the shares of the stock are sold short.

Freedom Price Performance

Shares of NASDAQ FRHC traded up $4.78 during mid-day trading on Thursday, hitting $105.37. 130,120 shares of the company’s stock traded hands, compared to its average volume of 70,933. The company’s 50-day moving average is $93.36 and its two-hundred day moving average is $81.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $6.39 billion, a P/E ratio of 16.49 and a beta of 1.05. Freedom has a 1 year low of $64.00 and a 1 year high of $105.42.

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

Institutional Trading of Freedom

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its position in Freedom by 15.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock worth $351,000 after purchasing an additional 500 shares during the period. EntryPoint Capital LLC raised its position in Freedom by 110.7% in the 1st quarter. EntryPoint Capital LLC now owns 986 shares of the company’s stock worth $70,000 after purchasing an additional 518 shares during the period. Algert Global LLC raised its position in Freedom by 44.0% in the 2nd quarter. Algert Global LLC now owns 5,905 shares of the company’s stock worth $445,000 after purchasing an additional 1,805 shares during the period. Quest Partners LLC raised its position in Freedom by 901.9% in the 2nd quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock worth $406,000 after purchasing an additional 4,852 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Freedom in the 1st quarter worth about $426,000. 1.26% of the stock is owned by hedge funds and other institutional investors.

Freedom Company Profile

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