Short Interest in Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) Declines By 39.0%


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Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 153,000 shares, a drop of 39.0% from the December 15th total of 250,700 shares. Based on an average daily trading volume, of 341,200 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company’s stock are short sold.

In other Net 1 UEPS Technologies news, Director Antony C. Ball acquired 545,085 shares of the stock in a transaction on Wednesday, December 16th. The shares were bought at an average cost of $3.56 per share, with a total value of $1,940,502.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Monde Nkosi acquired 279,728 shares of the stock in a transaction on Friday, December 18th. The shares were acquired at an average cost of $3.97 per share, for a total transaction of $1,110,520.16. The disclosure for this purchase can be found here. Insiders purchased a total of 1,164,402 shares of company stock worth $4,210,517 over the last ninety days. Insiders own 3.32% of the company’s stock.

Large investors have recently modified their holdings of the company. Morgan Stanley boosted its holdings in shares of Net 1 UEPS Technologies by 88.0% in the third quarter. Morgan Stanley now owns 9,878 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 4,624 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Net 1 UEPS Technologies in the third quarter valued at about $80,000. Goldman Sachs Group Inc. boosted its holdings in shares of Net 1 UEPS Technologies by 52.8% in the second quarter. Goldman Sachs Group Inc. now owns 27,083 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 9,360 shares in the last quarter. Finally, Aristides Capital LLC boosted its holdings in shares of Net 1 UEPS Technologies by 147.5% in the third quarter. Aristides Capital LLC now owns 197,979 shares of the business services provider’s stock valued at $667,000 after acquiring an additional 118,000 shares in the last quarter. 27.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of Net 1 UEPS Technologies stock opened at $4.60 on Thursday. Net 1 UEPS Technologies has a 1 year low of $2.70 and a 1 year high of $5.10. The company has a market capitalization of $260.54 million, a P/E ratio of -3.33 and a beta of 1.03. The company’s fifty day moving average is $4.11 and its two-hundred day moving average is $3.44.

Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its quarterly earnings data on Thursday, November 5th. The business services provider reported ($0.51) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.42). Net 1 UEPS Technologies had a negative return on equity of 31.30% and a negative net margin of 36.06%. The business had revenue of $37.11 million for the quarter, compared to analysts’ expectations of $30.13 million. As a group, sell-side analysts anticipate that Net 1 UEPS Technologies will post -0.08 earnings per share for the current year.

About Net 1 UEPS Technologies

Net 1 UEPS Technologies, Inc provides transaction processing services, financial inclusion products and services, and secure payment technologies in South Africa, the Republic of Korea, and internationally. It operates through three segments: South African Transaction Processing, International Transaction Processing, and Financial Inclusion and Applied Technologies.

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