Short Interest in Katapult Holdings, Inc. (NASDAQ:KPLTW) Declines By 66.2%

Katapult Holdings, Inc. (NASDAQ:KPLTW) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 4,275 shares, a drop of 66.2% from the April 15th total of 12,651 shares. Based on an average daily trading volume, of 58,898 shares, the days-to-cover ratio is presently 0.1 days.

Katapult Stock Performance

NASDAQ KPLTW traded up $0.00 during trading on Friday, hitting $0.00. 6,500 shares of the stock traded hands, compared to its average volume of 57,765. Katapult has a 12-month low of $0.00 and a 12-month high of $0.02.

Katapult Company Profile

Katapult Inc operates a digital commerce platform that enables retailers to offer lease-to-own payment solutions at the point of sale. By integrating its proprietary technology into a retailer’s e-commerce or in-store checkout flow, Katapult allows consumers—particularly those with limited access to traditional credit—to lease durable goods such as furniture, electronics, home fitness equipment and appliances. The company’s platform handles credit adjudication, pricing, collections and customer service through a single API-driven interface.

Founded in 2014 and headquartered in Austin, Texas, Katapult has built partnerships with hundreds of online and brick-and-mortar retailers across North America and parts of Northern Europe.