Short Interest in Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Decreases By 7.1%

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 914,500 shares, a decline of 7.1% from the September 30th total of 984,300 shares. Based on an average daily trading volume, of 354,700 shares, the short-interest ratio is presently 2.6 days.

Joint Stock Company Kaspi.kz Stock Down 3.1 %

Shares of NASDAQ KSPI traded down $3.53 during mid-day trading on Thursday, reaching $110.14. 227,653 shares of the company traded hands, compared to its average volume of 321,541. The company’s fifty day moving average is $114.09 and its two-hundred day moving average is $121.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96. Joint Stock Company Kaspi.kz has a fifty-two week low of $85.02 and a fifty-two week high of $143.72.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last issued its quarterly earnings data on Thursday, August 1st. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.61). The firm had revenue of $966.37 million for the quarter, compared to analyst estimates of $1.26 billion. Sell-side analysts forecast that Joint Stock Company Kaspi.kz will post 11.19 EPS for the current fiscal year.

Joint Stock Company Kaspi.kz Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 30th. Investors of record on Wednesday, November 20th were paid a dividend of $1.7565 per share. The ex-dividend date was Wednesday, November 20th.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their price objective on Joint Stock Company Kaspi.kz from $159.00 to $183.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th.

Institutional Trading of Joint Stock Company Kaspi.kz

A number of hedge funds have recently modified their holdings of the company. ANTIPODES PARTNERS Ltd acquired a new position in shares of Joint Stock Company Kaspi.kz in the 1st quarter worth approximately $128,000. Renaissance Capital LLC lifted its stake in shares of Joint Stock Company Kaspi.kz by 36.5% during the second quarter. Renaissance Capital LLC now owns 10,230 shares of the company’s stock valued at $1,320,000 after acquiring an additional 2,738 shares during the period. Driehaus Capital Management LLC boosted its holdings in Joint Stock Company Kaspi.kz by 6.8% in the second quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company’s stock valued at $2,840,000 after acquiring an additional 1,400 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Joint Stock Company Kaspi.kz during the first quarter worth approximately $19,063,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Joint Stock Company Kaspi.kz in the first quarter valued at about $64,051,000. Institutional investors own 0.09% of the company’s stock.

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.