Short Interest in Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Drops By 9.2%

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 1,080,000 shares, a drop of 9.2% from the August 15th total of 1,190,000 shares. Based on an average trading volume of 225,500 shares, the days-to-cover ratio is currently 4.8 days.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their price objective on shares of Joint Stock Company Kaspi.kz from $159.00 to $183.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th.

Joint Stock Company Kaspi.kz Stock Performance

Shares of KSPI traded up $1.30 during trading hours on Tuesday, reaching $123.52. 457,012 shares of the company traded hands, compared to its average volume of 281,753. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The business has a fifty day moving average price of $127.11 and a 200-day moving average price of $123.61. Joint Stock Company Kaspi.kz has a 12-month low of $85.02 and a 12-month high of $143.72.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last posted its quarterly earnings results on Thursday, August 1st. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.61). The business had revenue of $966.37 million during the quarter, compared to analyst estimates of $1.26 billion. On average, sell-side analysts predict that Joint Stock Company Kaspi.kz will post 11.32 earnings per share for the current fiscal year.

Joint Stock Company Kaspi.kz Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 22nd were issued a $1.7916 dividend. The ex-dividend date of this dividend was Thursday, August 22nd.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

A number of institutional investors have recently bought and sold shares of KSPI. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Joint Stock Company Kaspi.kz in the first quarter worth $128,000. Renaissance Capital LLC boosted its holdings in Joint Stock Company Kaspi.kz by 36.5% in the second quarter. Renaissance Capital LLC now owns 10,230 shares of the company’s stock valued at $1,320,000 after purchasing an additional 2,738 shares during the last quarter. Driehaus Capital Management LLC grew its position in Joint Stock Company Kaspi.kz by 6.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company’s stock worth $2,840,000 after purchasing an additional 1,400 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Joint Stock Company Kaspi.kz during the 1st quarter valued at about $19,063,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Joint Stock Company Kaspi.kz in the 1st quarter valued at about $64,051,000. 0.09% of the stock is owned by hedge funds and other institutional investors.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.