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

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,742,927 shares, an increase of 18.2% from the February 26th total of 1,475,044 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 796,687 shares, the short-interest ratio is presently 2.2 days.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

A number of hedge funds have recently added to or reduced their stakes in KSPI. Advisory Services Network LLC boosted its holdings in shares of Joint Stock Company Kaspi.kz by 15.3% during the fourth quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock valued at $296,000 after acquiring an additional 502 shares during the period. SG Americas Securities LLC bought a new position in shares of Joint Stock Company Kaspi.kz in the fourth quarter worth $306,000. North of South Capital LLP acquired a new position in shares of Joint Stock Company Kaspi.kz during the fourth quarter valued at $1,425,000. Renaissance Capital LLC increased its holdings in shares of Joint Stock Company Kaspi.kz by 36.7% during the third quarter. Renaissance Capital LLC now owns 89,750 shares of the company’s stock valued at $7,331,000 after purchasing an additional 24,115 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Joint Stock Company Kaspi.kz by 16.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock valued at $13,057,000 after purchasing an additional 23,500 shares in the last quarter. 32.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KSPI has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of Joint Stock Company Kaspi.kz from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, March 17th. Susquehanna cut shares of Joint Stock Company Kaspi.kz from a “positive” rating to a “neutral” rating and set a $87.00 price target on the stock. in a research report on Monday, February 2nd. Finally, Zacks Research upgraded Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $96.67.

Joint Stock Company Kaspi.kz Stock Down 0.9%

Shares of NASDAQ:KSPI opened at $73.43 on Thursday. The company has a market cap of $14.65 billion, a PE ratio of 6.80 and a beta of 0.93. Joint Stock Company Kaspi.kz has a fifty-two week low of $68.59 and a fifty-two week high of $99.20. The firm has a 50-day simple moving average of $74.18 and a 200 day simple moving average of $76.37.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last issued its earnings results on Sunday, February 15th. The company reported $2.84 earnings per share (EPS) for the quarter. The firm had revenue of $2.26 billion for the quarter. Joint Stock Company Kaspi.kz had a net margin of 26.59% and a return on equity of 48.73%. As a group, research analysts forecast that Joint Stock Company Kaspi.kz will post 11.32 EPS for the current fiscal year.

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.