Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Sees Large Drop in Short Interest

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 462,200 shares, a decrease of 19.2% from the March 15th total of 571,800 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 331,000 shares, the short-interest ratio is presently 1.4 days.

Joint Stock Company Kaspi.kz Stock Performance

Shares of KSPI traded up $1.15 on Thursday, reaching $89.52. The company's stock had a trading volume of 15,860 shares, compared to its average volume of 287,335. The stock has a market capitalization of $17.86 billion, a P/E ratio of 8.64 and a beta of 1.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96. The stock's 50 day simple moving average is $94.45 and its two-hundred day simple moving average is $100.24. Joint Stock Company Kaspi.kz has a 12-month low of $77.80 and a 12-month high of $143.72.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

A number of hedge funds have recently made changes to their positions in KSPI. Flossbach Von Storch SE boosted its stake in Joint Stock Company Kaspi.kz by 20.0% during the fourth quarter. Flossbach Von Storch SE now owns 15,000 shares of the company's stock worth $1,421,000 after buying an additional 2,500 shares during the period. Geode Capital Management LLC raised its holdings in Joint Stock Company Kaspi.kz by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 167,451 shares of the company's stock worth $15,859,000 after purchasing an additional 1,440 shares in the last quarter. Abacus FCF Advisors LLC purchased a new stake in shares of Joint Stock Company Kaspi.kz during the fourth quarter valued at about $684,000. Finally, Marshall Wace LLP boosted its holdings in shares of Joint Stock Company Kaspi.kz by 1,095.0% in the 4th quarter. Marshall Wace LLP now owns 125,241 shares of the company's stock valued at $11,862,000 after buying an additional 114,761 shares in the last quarter. 32.20% of the stock is currently owned by hedge funds and other institutional investors.

Joint Stock Company Kaspi.kz Company Profile

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.