Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Short Interest Down 45.5% in March

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 571,800 shares, a decline of 45.5% from the February 28th total of 1,050,000 shares. Currently, 0.4% of the company's stock are short sold. Based on an average daily volume of 305,800 shares, the days-to-cover ratio is currently 1.9 days.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their target price on Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an "overweight" rating on the stock in a report on Monday, December 2nd.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Institutional investors and hedge funds have recently made changes to their positions in the company. Abacus FCF Advisors LLC acquired a new position in shares of Joint Stock Company Kaspi.kz in the 4th quarter valued at about $684,000. Flossbach Von Storch SE grew its position in Joint Stock Company Kaspi.kz by 20.0% in the 4th quarter. Flossbach Von Storch SE now owns 15,000 shares of the company's stock valued at $1,421,000 after buying an additional 2,500 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Joint Stock Company Kaspi.kz during the 3rd quarter valued at about $7,942,000. Marshall Wace LLP raised its holdings in Joint Stock Company Kaspi.kz by 1,095.0% during the fourth quarter. Marshall Wace LLP now owns 125,241 shares of the company's stock worth $11,862,000 after purchasing an additional 114,761 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position 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 during the period. 32.20% of the stock is owned by institutional investors and hedge funds.

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Joint Stock Company Kaspi.kz Stock Down 1.3 %

NASDAQ KSPI traded down $1.19 during trading hours on Monday, reaching $92.85. 307,043 shares of the company traded hands, compared to its average volume of 300,870. The company has a 50 day moving average of $99.07 and a two-hundred day moving average of $103.28. The stock has a market capitalization of $18.52 billion, a PE ratio of 8.96 and a beta of 1.28. Joint Stock Company Kaspi.kz has a 12 month low of $86.24 and a 12 month high of $143.72. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04.

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.