Lesaka Technologies, Inc. (NASDAQ:LSAK – Get Free Report) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 60,800 shares, a growth of 22.1% from the August 31st total of 49,800 shares. Based on an average daily trading volume, of 23,700 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.2% of the company’s shares are sold short.
Hedge Funds Weigh In On Lesaka Technologies
Hedge funds have recently made changes to their positions in the company. Hosking Partners LLP boosted its holdings in Lesaka Technologies by 58.8% in 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. Rathbones Group PLC lifted its position in Lesaka Technologies by 100.0% in the second quarter. Rathbones Group PLC now owns 1,272,332 shares of the company’s stock valued at $5,955,000 after acquiring an additional 636,166 shares during the last quarter. Renaissance Technologies LLC increased 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 valued at $852,000 after acquiring an additional 14,700 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Lesaka Technologies by 3.7% during the first 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 during the last quarter. 24.19% of the stock is owned by institutional investors and hedge funds.
Lesaka Technologies Stock Up 2.2 %
Shares of LSAK traded up $0.11 during trading hours on Monday, hitting $5.00. The company had a trading volume of 17,028 shares, compared to its average volume of 24,930. The stock has a market capitalization of $318 million, a price-to-earnings ratio of -13.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.59. Lesaka Technologies has a 52-week low of $3.00 and a 52-week high of $5.33. The firm has a fifty day moving average price of $4.72 and a 200-day moving average price of $4.56.
About Lesaka Technologies
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.
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