Freedom Holding Corp. (NASDAQ:FRHC) Sees Significant Growth in Short Interest

Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 257,800 shares, an increase of 18.5% from the March 15th total of 217,600 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average trading volume of 87,700 shares, the short-interest ratio is presently 2.9 days.

Freedom Price Performance

Shares of NASDAQ:FRHC traded up $1.46 during mid-day trading on Friday, reaching $143.88. The stock had a trading volume of 58,352 shares, compared to its average volume of 83,205. The business's 50 day moving average price is $134.15 and its 200 day moving average price is $128.56. Freedom has a 1 year low of $66.61 and a 1 year high of $164.82. The company has a market cap of $8.43 billion, a P/E ratio of 26.99 and a beta of 1.10. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.40.

Freedom (NASDAQ:FRHC - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $1.29 earnings per share (EPS) for the quarter. Freedom had a return on equity of 26.63% and a net margin of 14.99%.

Insider Transactions at Freedom

In related news, CFO Evgeny Ler sold 15,114 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $157.37, for a total transaction of $2,378,490.18. Following the completion of the transaction, the chief financial officer now directly owns 38,794 shares of the company's stock, valued at approximately $6,105,011.78. This trade represents a 28.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sergey Lukyanov sold 2,901 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $160.29, for a total transaction of $465,001.29. Following the completion of the sale, the insider now owns 124,800 shares in the company, valued at approximately $20,004,192. The trade was a 2.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,973 shares of company stock valued at $4,883,489 over the last 90 days. Company insiders own 70.40% of the company's stock.

Hedge Funds Weigh In On Freedom

A number of institutional investors and hedge funds have recently made changes to their positions in FRHC. Headlands Technologies LLC purchased a new position in Freedom in the fourth quarter worth about $30,000. GAMMA Investing LLC lifted its stake in shares of Freedom by 13,133.3% in the 1st quarter. GAMMA Investing LLC now owns 397 shares of the company's stock valued at $52,000 after purchasing an additional 394 shares during the last quarter. KBC Group NV bought a new position in shares of Freedom during the 1st quarter valued at approximately $138,000. Tower Research Capital LLC TRC raised its holdings in Freedom by 27.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,065 shares of the company's stock valued at $139,000 after buying an additional 232 shares during the period. Finally, Aquatic Capital Management LLC lifted its position in Freedom by 555.5% in the fourth quarter. Aquatic Capital Management LLC now owns 1,311 shares of the company's stock worth $171,000 after buying an additional 1,111 shares during the last quarter. 1.26% of the stock is owned by hedge funds and other institutional investors.

About Freedom

Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking services. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer's account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services.