Short interest in Kaspi.kz Joint Stock Company (NASDAQ:KSPI) falls 9.2%

Joint Stock Company Kaspi.kz (NASDAQ:KSPI – Get Free Report) received a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,080,000 shares, down 9.2% from the August 15th total of 1,190,000 shares. Based on an average daily volume of 225,500 shares, the short interest rate is currently 4.8 days.

Institutional trading of Joint Stock Company Kaspi.kz

A number of institutional investors have recently bought and sold shares of the company. ANTIPODES PARTNERS Ltd bought a new position in shares of Kaspi.kz Equity Company in the 1st quarter valued at about $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 worth $1,320,000 after purchasing an additional 2,738 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in Joint Stock Company Kaspi.kz by 6.8% in the second quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company’s stock valued at $2,840,000 after purchasing an additional 1,400 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Kaspi.kz equities company in the 1st quarter worth about $19,063,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Kaspi.kz equity company in the 1st quarter worth about $64,051,000. Institutional investors hold 0.09% of the company’s stock.

Joint Stock Company Kaspi.kz Down 3.2%

Shares of KSPI traded down $3.90 during trading on Wednesday, hitting $119.62. 213,799 shares of the company exchanged hands, compared to its average volume of 281,345. Kaspi.kz stock has a 12-month low of $85.02 and a 12-month high of $143.72. 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 has a 50 day moving average of $127.11 and a two hundred day moving average of $123.61.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI – Get Your Free Report ) last announced its quarterly earnings results on Thursday, August 1st. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.61). The firm had revenue of $966.37 million during the quarter, compared to analysts’ expectations of $1.26 billion. On average, equities analysts anticipate that Kaspi.kz Joint Stock Company will post 11.32 EPS for the current year.

Joint-stock company Kaspi.kz reduces dividends

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

Analysts on Wall Street are forecasting an increase

Separately, JPMorgan Chase & Co. raised their target price 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.

See the latest Kaspi.kz stock company stock report

About the joint-stock company Kaspi.kz

(Get a free report)

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 segment payments platform facilitates transactions between customers and merchants.

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