Katapult Holdings, Inc. (NASDAQ:KPLT) Short Interest Update

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 726,081 shares, a growth of 340.6% from the November 30th total of 164,779 shares. Based on an average daily trading volume, of 1,854,660 shares, the short-interest ratio is presently 0.4 days. Approximately 18.4% of the company’s stock are short sold. Approximately 18.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,854,660 shares, the short-interest ratio is presently 0.4 days.

Katapult Stock Performance

NASDAQ KPLT traded up $0.26 on Friday, reaching $6.85. The stock had a trading volume of 131,451 shares, compared to its average volume of 152,180. The stock has a market cap of $31.80 million, a P/E ratio of -1.16 and a beta of 1.76. The business’s 50-day moving average price is $8.01 and its 200 day moving average price is $11.34. Katapult has a 12-month low of $5.50 and a 12-month high of $24.34.

Katapult (NASDAQ:KPLT) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.72). The business had revenue of $74.04 million for the quarter, compared to the consensus estimate of $74.55 million. On average, sell-side analysts predict that Katapult will post -3.09 earnings per share for the current year.

Institutional Investors Weigh In On Katapult

Large investors have recently modified their holdings of the stock. CIBC Bancorp USA Inc. purchased a new position in Katapult in the 3rd quarter valued at $699,000. Two Sigma Investments LP purchased a new stake in shares of Katapult in the third quarter valued at about $273,000. Virtu Financial LLC acquired a new position in shares of Katapult during the third quarter worth about $121,000. Vanguard Group Inc. raised its holdings in Katapult by 6.1% during the third quarter. Vanguard Group Inc. now owns 131,054 shares of the company’s stock worth $1,567,000 after purchasing an additional 7,586 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in Katapult by 7.8% during the third quarter. CIBC Private Wealth Group LLC now owns 58,471 shares of the company’s stock worth $699,000 after purchasing an additional 4,249 shares in the last quarter. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Katapult in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Katapult presently has a consensus rating of “Reduce” and a consensus target price of $10.00.

Katapult Company Profile

Katapult Holdings Inc is a New York–based fintech company that provides point-of-sale financing solutions designed to expand access to affordable consumer credit. The company’s platform enables retailers to offer lease-to-own and installment payment options to customers who may not qualify for traditional financing, using a data-driven credit decision engine and proprietary underwriting algorithms. Katapult’s digital approach streamlines the application process and automates account management, helping merchants boost conversion rates and average order values.

The company partners with a broad range of online and omnichannel retailers across categories such as furniture, electronics, outdoor equipment and consumer goods, integrating its financing options via APIs and plug-and-play modules.