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

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price target on Joint Stock Company Kaspi.kz from $159.00 to $183.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th.

Joint Stock Company Kaspi.kz Trading Up 1.1 %

Shares of KSPI traded up $1.30 during mid-day trading on Tuesday, hitting $123.52. The company’s stock had a trading volume of 457,012 shares, 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 company’s 50-day moving average is $127.11 and its 200-day moving average is $123.61. Joint Stock Company Kaspi.kz has a 52-week low of $85.02 and a 52-week high of $143.72.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last posted its earnings results on Thursday, August 1st. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.61). The business had revenue of $966.37 million during the quarter, compared to the consensus estimate of $1.26 billion. As a group, analysts expect that Joint Stock Company Kaspi.kz will post 11.32 EPS for the current year.

Joint Stock Company Kaspi.kz Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 22nd were given a dividend of $1.7916 per share. The ex-dividend date was Thursday, August 22nd.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Joint Stock Company Kaspi.kz during the first quarter valued at about $64,051,000. Baillie Gifford & Co. purchased a new stake in Joint Stock Company Kaspi.kz during the first quarter valued at approximately $147,577,000. Nikko Asset Management Americas Inc. acquired a new stake in Joint Stock Company Kaspi.kz in the first quarter valued at approximately $64,051,000. ANTIPODES PARTNERS Ltd purchased a new position in Joint Stock Company Kaspi.kz in the first quarter worth $128,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Joint Stock Company Kaspi.kz during the first quarter worth $19,063,000. Hedge funds and other institutional investors own 0.09% of the company’s stock.

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.