Short Interest in Freedom Holding Corp. (NASDAQ:FRHC) Grows By 29.3%

Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 470,200 shares, a growth of 29.3% from the May 15th total of 363,600 shares. Approximately 2.7% of the company's shares are sold short. Based on an average daily trading volume, of 96,300 shares, the short-interest ratio is presently 4.9 days.

Freedom Trading Down 1.0%

Shares of FRHC stock traded down $1.56 during mid-day trading on Tuesday, reaching $150.25. The stock had a trading volume of 163,615 shares, compared to its average volume of 90,753. The firm has a market capitalization of $8.81 billion, a PE ratio of 108.09 and a beta of 1.16. The stock's 50-day moving average price is $151.16 and its two-hundred day moving average price is $141.01. The company has a current ratio of 1.17, a quick ratio of 1.28 and a debt-to-equity ratio of 0.03. Freedom has a 52-week low of $71.88 and a 52-week high of $185.00.

Freedom (NASDAQ:FRHC - Get Free Report) last posted its earnings results on Friday, June 13th. The company reported ($2.36) earnings per share (EPS) for the quarter. The business had revenue of $363.72 million during the quarter. Freedom had a return on equity of 6.92% and a net margin of 4.13%.

Institutional Trading of Freedom

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FRHC. Handelsbanken Fonder AB raised its holdings in Freedom by 18.9% in the 4th quarter. Handelsbanken Fonder AB now owns 4,400 shares of the company's stock worth $575,000 after purchasing an additional 700 shares in the last quarter. AlphaQuest LLC increased its position in shares of Freedom by 119.0% during the fourth quarter. AlphaQuest LLC now owns 4,154 shares of the company's stock valued at $543,000 after buying an additional 2,257 shares during the period. Swiss National Bank raised its stake in Freedom by 1.4% in the fourth quarter. Swiss National Bank now owns 35,900 shares of the company's stock worth $4,692,000 after buying an additional 500 shares in the last quarter. Quantbot Technologies LP lifted its holdings in Freedom by 828.2% in the fourth quarter. Quantbot Technologies LP now owns 6,228 shares of the company's stock worth $814,000 after buying an additional 5,557 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Freedom in the fourth quarter worth about $497,000. Hedge funds and other institutional investors own 1.26% of the company's stock.

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.

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