Freedom Holding Corp. (NASDAQ:FRHC) Short Interest Down 5.8% in October

Freedom Holding Corp. (NASDAQ:FRHC) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 523,300 shares, a drop of 5.8% from the September 30th total of 555,500 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 85,400 shares, the short-interest ratio is presently 6.1 days.

Freedom Stock Performance

Freedom stock traded up $0.45 during midday trading on Friday, reaching $108.85. The stock had a trading volume of 10,919 shares, compared to its average volume of 72,019. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $6.36 billion, a PE ratio of 18.92 and a beta of 1.05. Freedom has a 12 month low of $64.00 and a 12 month high of $112.34. The firm’s 50-day moving average price is $97.83 and its 200 day moving average price is $84.27.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC increased its position in shares of Freedom by 110.7% during the first quarter. EntryPoint Capital LLC now owns 986 shares of the company’s stock valued at $70,000 after acquiring an additional 518 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Freedom by 15.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock valued at $351,000 after purchasing an additional 500 shares during the last quarter. Quest Partners LLC increased its holdings in shares of 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 in the last quarter. Algert Global LLC raised its stake in shares of Freedom by 44.0% in the second 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 last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Freedom during the first quarter valued at $426,000. Hedge funds and other institutional investors own 1.26% of the company’s stock.

About Freedom

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.