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

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 1,514,526 shares, a growth of 28.9% from the November 30th total of 1,174,838 shares. Based on an average daily trading volume, of 446,344 shares, the short-interest ratio is currently 3.4 days. Approximately 0.8% of the company’s shares are sold short. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 446,344 shares, the short-interest ratio is currently 3.4 days.

Joint Stock Company Kaspi.kz Trading Down 1.2%

NASDAQ:KSPI opened at $78.13 on Friday. Joint Stock Company Kaspi.kz has a 12 month low of $70.61 and a 12 month high of $111.45. The stock has a market capitalization of $15.59 billion, a price-to-earnings ratio of 7.05 and a beta of 0.87. The firm has a fifty day simple moving average of $75.60 and a two-hundred day simple moving average of $81.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in shares of Joint Stock Company Kaspi.kz by 70.1% during the second quarter. SG Americas Securities LLC now owns 28,637 shares of the company’s stock valued at $2,431,000 after acquiring an additional 11,805 shares in the last quarter. Renaissance Capital LLC increased its stake in Joint Stock Company Kaspi.kz by 6.7% during the 2nd quarter. Renaissance Capital LLC now owns 65,635 shares of the company’s stock valued at $5,572,000 after purchasing an additional 4,111 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Joint Stock Company Kaspi.kz by 9.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 147,485 shares of the company’s stock valued at $12,520,000 after purchasing an additional 13,113 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Joint Stock Company Kaspi.kz by 18.9% during the second quarter. Russell Investments Group Ltd. now owns 184,063 shares of the company’s stock worth $15,625,000 after buying an additional 29,283 shares during the last quarter. Finally, Amova Asset Management Americas Inc. grew its holdings in shares of Joint Stock Company Kaspi.kz by 8.6% during the third quarter. Amova Asset Management Americas Inc. now owns 323,903 shares of the company’s stock valued at $26,476,000 after buying an additional 25,594 shares during the last quarter. Institutional investors own 32.20% of the company’s stock.

Analyst Upgrades and Downgrades

KSPI has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Joint Stock Company Kaspi.kz in a research note on Monday. The Goldman Sachs Group raised shares of Joint Stock Company Kaspi.kz from a “neutral” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Wednesday, October 8th. Finally, Zacks Research cut shares of Joint Stock Company Kaspi.kz from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $111.00.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.