Short Interest in Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) Increases By 78.1%

Key Points

• Short interest in Joint Stock Company Kaspi.kz (NASDAQ:KSPI) surged by 78.1% in August, totaling 802,100 shares compared to 450,300 shares in July, with a days-to-cover ratio of 2.7 days.
• The company's stock price fell 2.7% to $88.62, while it maintains a market cap of $17.68 billion and a PE ratio of 8.13.
• Analysts have a consensus target price of $122.00, with two ratings as "Buy" and one as "Hold," indicating positive growth expectations for the stock.

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI - Get Free Report) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 802,100 shares, anincreaseof78.1% from the July 31st total of 450,300 shares. Based on an average daily volume of 296,900 shares, the days-to-cover ratio is presently 2.7 days. Currently,0.5% of the company's stock are short sold. Currently,0.5% of the company's stock are short sold. Based on an average daily volume of 296,900 shares, the days-to-cover ratio is presently 2.7 days.

Joint Stock Company Kaspi.kz Stock Down 2.7%

NASDAQ:KSPI traded down $2.47 during trading hours on Friday, hitting $88.62. 281,732 shares of the company traded hands, compared to its average volume of 275,641. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.03. The firm's 50-day simple moving average is $88.33 and its 200-day simple moving average is $89.03. Joint Stock Company Kaspi.kz has a one year low of $75.90 and a one year high of $128.54. The company has a market cap of $17.68 billion, a PE ratio of 8.13 and a beta of 1.09.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $96.00 price target on shares of Joint Stock Company Kaspi.kz in a research report on Wednesday, August 20th. Susquehanna reduced their price target on shares of Joint Stock Company Kaspi.kz from $140.00 to $130.00 and set a "positive" rating for the company in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Joint Stock Company Kaspi.kz presently has an average rating of "Moderate Buy" and a consensus target price of $122.00.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new position in Joint Stock Company Kaspi.kz during the 1st quarter valued at about $110,000. Flossbach Von Storch SE increased its holdings in Joint Stock Company Kaspi.kz by 66.7% in the 1st quarter. Flossbach Von Storch SE now owns 25,000 shares of the company's stock worth $2,321,000 after buying an additional 10,000 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Joint Stock Company Kaspi.kz by 70.1% during the 2nd quarter. SG Americas Securities LLC now owns 28,637 shares of the company's stock valued at $2,431,000 after purchasing an additional 11,805 shares during the period. Driehaus Capital Management LLC lifted its position in shares of Joint Stock Company Kaspi.kz by 24.8% during the 1st quarter. Driehaus Capital Management LLC now owns 40,075 shares of the company's stock valued at $3,721,000 after buying an additional 7,951 shares in the last quarter. Finally, Renaissance Capital LLC lifted its holdings in Joint Stock Company Kaspi.kz by 6.7% in the 2nd quarter. Renaissance Capital LLC now owns 65,635 shares of the company's stock worth $5,572,000 after purchasing an additional 4,111 shares in the last quarter. 32.20% of the stock is currently owned by institutional investors.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.

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