Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) Short Interest Update

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 1,742,927 shares, a growth of 18.2% from the February 26th total of 1,475,044 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 796,687 shares, the days-to-cover ratio is currently 2.2 days.

Analyst Upgrades and Downgrades

KSPI has been the subject of several research reports. Weiss Ratings upgraded Joint Stock Company Kaspi.kz from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, March 17th. Zacks Research upgraded Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Susquehanna downgraded Joint Stock Company Kaspi.kz from a “positive” rating to a “neutral” rating and set a $87.00 price objective for the company. in a report on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Joint Stock Company Kaspi.kz presently has an average rating of “Hold” and a consensus target price of $96.67.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Renaissance Capital LLC boosted its position in Joint Stock Company Kaspi.kz by 36.7% during the third quarter. Renaissance Capital LLC now owns 89,750 shares of the company’s stock valued at $7,331,000 after purchasing an additional 24,115 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Joint Stock Company Kaspi.kz by 8.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,903 shares of the company’s stock valued at $26,456,000 after purchasing an additional 24,278 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Joint Stock Company Kaspi.kz by 18.9% in the second quarter. Russell Investments Group Ltd. now owns 184,063 shares of the company’s stock worth $15,625,000 after purchasing an additional 29,283 shares in the last quarter. Amova Asset Management Americas Inc. lifted its position in shares of Joint Stock Company Kaspi.kz by 8.6% during the third quarter. Amova Asset Management Americas Inc. now owns 323,903 shares of the company’s stock valued at $26,476,000 after buying an additional 25,594 shares during the last quarter. Finally, North of South Capital LLP purchased a new stake in shares of Joint Stock Company Kaspi.kz during the fourth quarter valued at about $1,425,000. 32.20% of the stock is owned by institutional investors.

Joint Stock Company Kaspi.kz Stock Down 0.9%

Shares of NASDAQ KSPI traded down $0.64 during midday trading on Wednesday, reaching $73.43. 379,802 shares of the company’s stock traded hands, compared to its average volume of 534,110. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 6.80 and a beta of 0.93. The stock’s 50 day simple moving average is $74.23 and its 200-day simple moving average is $76.39. Joint Stock Company Kaspi.kz has a one year low of $68.59 and a one year high of $99.20.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last issued its quarterly earnings data on Sunday, February 15th. The company reported $2.84 EPS for the quarter. The company had revenue of $2.26 billion during the quarter. Joint Stock Company Kaspi.kz had a net margin of 26.59% and a return on equity of 48.73%. Equities analysts predict that Joint Stock Company Kaspi.kz will post 11.32 EPS for the current fiscal year.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.