Lesaka Technologies, Inc. (NASDAQ:LSAK) Short Interest Update

Lesaka Technologies, Inc. (NASDAQ:LSAK) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 54,300 shares, a decline of 26.2% from the October 31st total of 73,600 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 33,300 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Rathbones Group PLC lifted its position in Lesaka Technologies by 100.0% during the second quarter. Rathbones Group PLC now owns 1,272,332 shares of the company’s stock valued at $5,955,000 after purchasing an additional 636,166 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Lesaka Technologies by 3.7% in the 1st quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company’s stock worth $326,000 after purchasing an additional 3,137 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Lesaka Technologies by 8.8% in the 2nd quarter. Renaissance Technologies LLC now owns 182,100 shares of the company’s stock worth $852,000 after purchasing an additional 14,700 shares in the last quarter. Finally, Hosking Partners LLP increased its position in shares of Lesaka Technologies by 58.8% during the 2nd quarter. Hosking Partners LLP now owns 2,607,388 shares of the company’s stock valued at $12,203,000 after purchasing an additional 965,576 shares during the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Lesaka Technologies Stock Performance

Lesaka Technologies stock traded down $0.03 during trading on Friday, hitting $5.40. The stock had a trading volume of 11,653 shares, compared to its average volume of 38,365. The stock’s 50 day moving average is $5.17 and its two-hundred day moving average is $4.88. Lesaka Technologies has a 1 year low of $3.00 and a 1 year high of $5.60. The stock has a market cap of $421.31 million, a price-to-earnings ratio of -21.60 and a beta of 0.93. The company has a quick ratio of 1.53, a current ratio of 1.73 and a debt-to-equity ratio of 0.79.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings data on Wednesday, September 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The firm had revenue of $146.05 million during the quarter, compared to the consensus estimate of $149.30 million. Lesaka Technologies had a negative net margin of 2.85% and a negative return on equity of 9.15%. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. As a group, analysts predict that Lesaka Technologies will post -0.08 EPS for the current year.

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.