Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) Sees Significant Growth in Short Interest

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 1,742,927 shares, a growth of 18.2% from the February 26th total of 1,475,044 shares. Based on an average trading volume of 796,687 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.9% of the shares of the company are sold short.

Joint Stock Company Kaspi.kz Stock Performance

Shares of NASDAQ:KSPI traded up $1.85 during trading on Tuesday, hitting $74.07. 403,048 shares of the stock were exchanged, compared to its average volume of 647,373. The company has a market capitalization of $14.78 billion, a price-to-earnings ratio of 6.86 and a beta of 0.93. Joint Stock Company Kaspi.kz has a 1-year low of $68.59 and a 1-year high of $99.20. The company’s fifty day simple moving average is $74.23 and its 200-day simple moving average is $76.39.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last issued its earnings results on Sunday, February 15th. The company reported $2.84 EPS for the quarter. Joint Stock Company Kaspi.kz had a return on equity of 48.73% and a net margin of 26.59%.The business had revenue of $2.26 billion during the quarter. On average, research analysts forecast that Joint Stock Company Kaspi.kz will post 11.32 earnings per share for the current fiscal year.

Institutional Trading of Joint Stock Company Kaspi.kz

Several institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC increased its stake in Joint Stock Company Kaspi.kz by 15.3% in the fourth quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock valued at $296,000 after acquiring an additional 502 shares during the period. SG Americas Securities LLC acquired a new stake in Joint Stock Company Kaspi.kz during the fourth quarter valued at approximately $306,000. North of South Capital LLP acquired a new stake in Joint Stock Company Kaspi.kz during the fourth quarter valued at approximately $1,425,000. Renaissance Capital LLC grew its stake in shares of Joint Stock Company Kaspi.kz by 36.7% in the 3rd quarter. Renaissance Capital LLC now owns 89,750 shares of the company’s stock valued at $7,331,000 after purchasing an additional 24,115 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Joint Stock Company Kaspi.kz by 16.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock worth $13,057,000 after buying an additional 23,500 shares in the last quarter. 32.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Susquehanna lowered shares of Joint Stock Company Kaspi.kz from a “positive” rating to a “neutral” rating and set a $87.00 target price on the stock. in a research report on Monday, February 2nd. Zacks Research upgraded shares of Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings upgraded shares of Joint Stock Company Kaspi.kz from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, March 17th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Joint Stock Company Kaspi.kz presently has an average rating of “Hold” and a consensus price target of $96.67.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.