Qiwi plc (NASDAQ:QIWI) Short Interest Up 463.0% in December


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Qiwi plc (NASDAQ:QIWI) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 846,800 shares, a growth of 463.0% from the December 15th total of 150,400 shares. Based on an average daily trading volume, of 567,200 shares, the short-interest ratio is presently 1.5 days.

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its position in shares of Qiwi by 14.4% in the second quarter. Bank of America Corp DE now owns 9,421 shares of the credit services provider’s stock valued at $163,000 after acquiring an additional 1,184 shares in the last quarter. US Bancorp DE acquired a new position in Qiwi in the 3rd quarter valued at $30,000. Macroview Investment Management LLC acquired a new position in Qiwi in the 3rd quarter valued at $32,000. Advisor Group Holdings Inc. lifted its holdings in Qiwi by 30.2% in the 2nd quarter. Advisor Group Holdings Inc. now owns 10,247 shares of the credit services provider’s stock valued at $177,000 after purchasing an additional 2,376 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Qiwi by 13.0% in the 3rd quarter. Morgan Stanley now owns 23,825 shares of the credit services provider’s stock valued at $413,000 after purchasing an additional 2,740 shares in the last quarter. Institutional investors own 29.15% of the company’s stock.

Shares of NASDAQ:QIWI traded up $0.09 during trading on Wednesday, reaching $10.56. 391,858 shares of the company’s stock traded hands, compared to its average volume of 475,945. The firm has a market cap of $643.43 million, a PE ratio of 8.72 and a beta of 1.07. Qiwi has a fifty-two week low of $8.62 and a fifty-two week high of $21.19. The company has a 50-day simple moving average of $11.77 and a 200-day simple moving average of $15.90. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.09.

Qiwi (NASDAQ:QIWI) last announced its earnings results on Wednesday, November 18th. The credit services provider reported $52.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $45.62 by $6.87. Qiwi had a net margin of 12.42% and a return on equity of 26.92%. The business had revenue of $83.30 million for the quarter, compared to analyst estimates of $85.40 million. On average, equities research analysts forecast that Qiwi will post 1.99 EPS for the current year.

Several equities analysts recently issued reports on the company. Sberbank CIB downgraded Qiwi from a “buy” rating to a “sell” rating in a research report on Monday, November 23rd. BidaskClub lowered Qiwi from a “sell” rating to a “strong sell” rating in a report on Saturday, December 12th. The Goldman Sachs Group downgraded Qiwi from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $25.00 to $12.50 in a report on Friday, December 11th. ValuEngine lowered Qiwi from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 5th. Finally, Zacks Investment Research lowered shares of Qiwi from a “hold” rating to a “sell” rating in a research report on Wednesday, November 4th. Five equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The stock has a consensus rating of “Sell” and a consensus target price of $15.83.

Qiwi Company Profile

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russia, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. It operates through Payment Services, Consumer Financial Services, Small and Medium Enterprises, and Rocketbank segments.

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