Short Interest in Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Expands By 9.0%

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 809,500 shares, a growth of 9.0% from the December 15th total of 742,400 shares. Based on an average daily trading volume, of 207,400 shares, the days-to-cover ratio is presently 3.9 days.

Joint Stock Company Kaspi.kz Stock Performance

Shares of KSPI traded up $1.04 during mid-day trading on Friday, reaching $92.87. The company had a trading volume of 166,523 shares, compared to its average volume of 169,657. Joint Stock Company Kaspi.kz has a 52 week low of $85.02 and a 52 week high of $143.72. The firm has a 50-day moving average price of $102.38 and a 200 day moving average price of $113.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $2.53 EPS for the quarter, missing analysts' consensus estimates of $2.84 by ($0.31). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.34 billion. Equities research analysts forecast that Joint Stock Company Kaspi.kz will post 10.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KSPI. Driehaus Capital Management LLC raised its stake in Joint Stock Company Kaspi.kz by 6.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company's stock worth $2,840,000 after acquiring an additional 1,400 shares during the period. Public Employees Retirement System of Ohio bought a new position in Joint Stock Company Kaspi.kz in the 3rd quarter worth $7,942,000. Renaissance Capital LLC boosted its holdings in Joint Stock Company Kaspi.kz by 839.0% in the 3rd quarter. Renaissance Capital LLC now owns 96,058 shares of the company's stock worth $10,181,000 after buying an additional 85,828 shares during the period. Finally, Baillie Gifford & Co. increased its stake in Joint Stock Company Kaspi.kz by 39.0% in the 3rd quarter. Baillie Gifford & Co. now owns 4,649,484 shares of the company's stock worth $492,799,000 after buying an additional 1,305,625 shares in the last quarter. 32.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of 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. Citigroup began coverage on Joint Stock Company Kaspi.kz in a research note on Monday, November 4th. They issued a "buy" rating and a $140.00 price target for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Joint Stock Company Kaspi.kz presently has an average rating of "Buy" and an average price target of $147.20.

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.