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

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 809,500 shares, a growth of 9.0% from the December 15th total of 742,400 shares. Based on an average trading volume of 207,400 shares, the days-to-cover ratio is currently 3.9 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an “overweight” rating for the company in a report on Monday, December 2nd. Citigroup assumed coverage on shares of Joint Stock Company Kaspi.kz in a report on Monday, November 4th. They issued a “buy” rating and a $140.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $147.20.

Joint Stock Company Kaspi.kz Trading Up 1.1 %

Shares of KSPI stock opened at $92.87 on Tuesday. Joint Stock Company Kaspi.kz has a 1-year low of $85.02 and a 1-year high of $143.72. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $101.99 and its 200-day simple moving average is $113.09.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last released its earnings results on Tuesday, October 29th. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.31). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.34 billion. On average, sell-side analysts expect that Joint Stock Company Kaspi.kz will post 10.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KSPI. Public Employees Retirement System of Ohio purchased a new position in shares of Joint Stock Company Kaspi.kz during the 3rd quarter valued at $7,942,000. Baillie Gifford & Co. boosted its position in Joint Stock Company Kaspi.kz by 39.0% during the third quarter. Baillie Gifford & Co. now owns 4,649,484 shares of the company’s stock valued at $492,799,000 after purchasing an additional 1,305,625 shares during the last quarter. Renaissance Capital LLC grew its stake in Joint Stock Company Kaspi.kz by 839.0% in the third quarter. Renaissance Capital LLC now owns 96,058 shares of the company’s stock valued at $10,181,000 after purchasing an additional 85,828 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its position in Joint Stock Company Kaspi.kz by 6.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company’s stock worth $2,840,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 32.20% of the company’s stock.

Joint Stock Company Kaspi.kz Company Profile

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.