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

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 1,991,122 shares, an increase of 17.2% from the March 31st total of 1,699,479 shares. Based on an average daily trading volume, of 413,943 shares, the short-interest ratio is currently 4.8 days. Approximately 1.0% of the shares of the company are short sold.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Susquehanna cut shares of Joint Stock Company Kaspi.kz from a “positive” rating to a “neutral” rating and set a $87.00 target price for the company. in a research note on Monday, February 2nd. Weiss Ratings upgraded shares of Joint Stock Company Kaspi.kz from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, April 21st. Finally, Zacks Research upgraded shares of Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $96.67.

Joint Stock Company Kaspi.kz Stock Up 0.7%

KSPI traded up $0.58 during midday trading on Friday, reaching $86.42. 392,547 shares of the company’s stock were exchanged, compared to its average volume of 573,313. The firm has a market capitalization of $16.44 billion, a price-to-earnings ratio of 8.00 and a beta of 0.98. Joint Stock Company Kaspi.kz has a one year low of $68.59 and a one year high of $99.20. The business has a 50-day simple moving average of $76.73 and a two-hundred day simple moving average of $76.39.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last announced its quarterly earnings results on Sunday, February 15th. The company reported $2.84 EPS for the quarter. The firm had revenue of $2.26 billion during the quarter. Joint Stock Company Kaspi.kz had a net margin of 26.59% and a return on equity of 48.73%. As a group, research analysts anticipate that Joint Stock Company Kaspi.kz will post 11.91 EPS for the current fiscal year.

Joint Stock Company Kaspi.kz Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 16th were paid a dividend of $1.7595 per share. The ex-dividend date was Thursday, April 16th. Joint Stock Company Kaspi.kz’s dividend payout ratio (DPR) is currently 16.39%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in shares of Joint Stock Company Kaspi.kz by 1,518.9% in the third quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company’s stock valued at $70,996,000 after acquiring an additional 815,509 shares during the last quarter. Amova Asset Management Americas Inc. raised its stake in shares of Joint Stock Company Kaspi.kz by 8.6% in the third quarter. Amova Asset Management Americas Inc. now owns 323,903 shares of the company’s stock valued at $26,476,000 after acquiring an additional 25,594 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Joint Stock Company Kaspi.kz by 8.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,903 shares of the company’s stock valued at $26,456,000 after acquiring an additional 24,278 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Joint Stock Company Kaspi.kz by 21.4% in the fourth quarter. Russell Investments Group Ltd. now owns 186,320 shares of the company’s stock valued at $14,557,000 after acquiring an additional 32,820 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Joint Stock Company Kaspi.kz by 16.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock valued at $13,057,000 after acquiring an additional 23,500 shares during the last quarter. Institutional investors own 32.20% of the company’s stock.

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.