Short Interest in Lesaka Technologies, Inc. (NASDAQ:LSAK) Rises By 35.9%

Lesaka Technologies, Inc. (NASDAQ:LSAK) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 104,800 shares, a growth of 35.9% from the September 30th total of 77,100 shares. Based on an average trading volume of 38,300 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 38,300 shares, the days-to-cover ratio is currently 2.7 days.

Lesaka Technologies Price Performance

Lesaka Technologies stock traded down $0.20 during trading hours on Tuesday, hitting $4.16. 18,960 shares of the stock were exchanged, compared to its average volume of 29,731. The stock has a market capitalization of $349.38 million, a P/E ratio of -3.81 and a beta of 0.68. The business’s 50-day moving average is $4.33 and its two-hundred day moving average is $4.38. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.37 and a current ratio of 1.52. Lesaka Technologies has a 12 month low of $3.39 and a 12 month high of $5.59.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings results on Wednesday, September 10th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.39). Lesaka Technologies had a negative return on equity of 46.75% and a negative net margin of 17.16%.The business had revenue of $82.00 million for the quarter, compared to the consensus estimate of $131.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.250- EPS. Q1 2026 guidance at EPS. Equities research analysts expect that Lesaka Technologies will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Lesaka Technologies

An institutional investor recently bought a new position in Lesaka Technologies stock. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in Lesaka Technologies, Inc. (NASDAQ:LSAK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 132,509 shares of the company’s stock, valued at approximately $595,000. Schwarz Dygos Wheeler Investment Advisors LLC owned approximately 0.16% of Lesaka Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 24.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on LSAK. Zacks Research downgraded Lesaka Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Lesaka Technologies has a consensus rating of “Sell”.

Lesaka Technologies Company Profile

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa.