Lesaka Technologies, Inc. (NASDAQ:LSAK) Sees Significant Decrease in Short Interest

Lesaka Technologies, Inc. (NASDAQ:LSAK) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 54,300 shares, a decrease of 26.2% from the October 31st total of 73,600 shares. Based on an average daily volume of 33,300 shares, the short-interest ratio is currently 1.6 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its stake in shares of Lesaka Technologies by 3.7% during the 1st quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company’s stock worth $326,000 after buying an additional 3,137 shares during the last quarter. Renaissance Technologies LLC increased its position in Lesaka Technologies by 8.8% during the second quarter. Renaissance Technologies LLC now owns 182,100 shares of the company’s stock worth $852,000 after acquiring an additional 14,700 shares during the period. Rathbones Group PLC increased its position in Lesaka Technologies by 100.0% during the second quarter. Rathbones Group PLC now owns 1,272,332 shares of the company’s stock worth $5,955,000 after acquiring an additional 636,166 shares during the period. Finally, Hosking Partners LLP increased its position in Lesaka Technologies by 58.8% during the second quarter. Hosking Partners LLP now owns 2,607,388 shares of the company’s stock worth $12,203,000 after acquiring an additional 965,576 shares during the period. Institutional investors and hedge funds own 24.19% of the company’s stock.

Lesaka Technologies Stock Down 0.6 %

Shares of LSAK stock traded down $0.03 during trading hours on Friday, hitting $5.40. 11,653 shares of the company were exchanged, compared to its average volume of 26,660. The business has a 50 day moving average of $5.15 and a two-hundred day moving average of $4.88. The company has a current ratio of 1.73, a quick ratio of 1.53 and a debt-to-equity ratio of 0.79. Lesaka Technologies has a 52 week low of $3.00 and a 52 week high of $5.60. The company has a market capitalization of $421.30 million, a PE ratio of -21.72 and a beta of 0.93.

Lesaka Technologies (NASDAQ:LSAK) last issued its quarterly earnings data on Wednesday, September 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Lesaka Technologies had a negative return on equity of 9.15% and a negative net margin of 2.85%. The company had revenue of $146.05 million for the quarter, compared to the consensus estimate of $149.30 million. During the same period in the prior year, the company earned ($0.19) EPS. Analysts anticipate that Lesaka Technologies will post -0.08 earnings per share for the current fiscal year.

About Lesaka Technologies

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa.