Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Short Interest Up 16.2% in February

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 1,050,000 shares, an increase of 16.2% from the February 13th total of 904,000 shares. Based on an average trading volume of 286,200 shares, the days-to-cover ratio is currently 3.7 days. Approximately 0.7% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in shares of Joint Stock Company Kaspi.kz by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 167,451 shares of the company's stock valued at $15,859,000 after buying an additional 1,440 shares during the last quarter. Marshall Wace LLP raised its holdings in Joint Stock Company Kaspi.kz by 1,095.0% during the 4th 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 during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Joint Stock Company Kaspi.kz in the 3rd quarter worth approximately $7,942,000. Flossbach Von Storch SE boosted its stake in shares of 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 purchasing an additional 2,500 shares during the last quarter. Finally, Abacus FCF Advisors LLC acquired a new stake in shares of Joint Stock Company Kaspi.kz during the fourth quarter worth $684,000. 32.20% of the stock is owned by institutional investors.

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Joint Stock Company Kaspi.kz Trading Down 0.9 %

Shares of KSPI stock traded down $0.83 during trading hours on Friday, hitting $94.98. 292,051 shares of the company's stock traded hands, compared to its average volume of 302,508. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. Joint Stock Company Kaspi.kz has a 12 month low of $86.24 and a 12 month high of $143.72. The stock has a market cap of $18.95 billion, a PE ratio of 9.17 and a beta of 1.28. The stock's 50 day simple moving average is $98.76 and its 200 day simple moving average is $104.46.

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.