Short Interest in Qiwi plc (NASDAQ:QIWI) Grows By 463.0%


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Qiwi plc (NASDAQ:QIWI) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 846,800 shares, a growth of 463.0% from the December 15th total of 150,400 shares. Based on an average daily volume of 567,200 shares, the short-interest ratio is presently 1.5 days.

Qiwi stock opened at $10.56 on Thursday. Qiwi has a 52-week low of $8.62 and a 52-week high of $21.19. The firm has a fifty day moving average of $11.68 and a 200-day moving average of $15.87. The firm has a market capitalization of $643.43 million, a P/E ratio of 8.73 and a beta of 1.07. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.09.

Qiwi (NASDAQ:QIWI) last released its quarterly earnings results on Wednesday, November 18th. The credit services provider reported $52.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $45.62 by $6.87. The business had revenue of $83.30 million during the quarter, compared to analyst estimates of $85.40 million. Qiwi had a net margin of 12.42% and a return on equity of 26.92%. On average, research analysts expect that Qiwi will post 1.99 EPS for the current fiscal year.

Several equities analysts recently commented on the stock. Sberbank CIB lowered shares of Qiwi from a “buy” rating to a “sell” rating in a research report on Monday, November 23rd. BidaskClub lowered shares of Qiwi from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 12th. JPMorgan Chase & Co. lowered shares of Qiwi from a “neutral” rating to an “underweight” rating and set a $14.00 price objective for the company. in a research report on Wednesday, December 9th. Zacks Investment Research lowered shares of Qiwi from a “hold” rating to a “sell” rating in a research report on Wednesday, November 4th. Finally, TheStreet lowered shares of Qiwi from a “b-” rating to a “c+” rating in a research report on Tuesday, December 15th. Five analysts have rated the stock with a sell rating and one has given a hold rating to the stock. The stock has an average rating of “Sell” and a consensus target price of $15.83.

Several large investors have recently added to or reduced their stakes in the stock. Perpetual Ltd acquired a new position in shares of Qiwi in the third quarter worth about $2,555,000. Morgan Stanley lifted its stake in shares of Qiwi by 13.0% in the third quarter. Morgan Stanley now owns 23,825 shares of the credit services provider’s stock worth $413,000 after acquiring an additional 2,740 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Qiwi by 82.4% in the third quarter. Allianz Asset Management GmbH now owns 589,613 shares of the credit services provider’s stock worth $10,230,000 after acquiring an additional 266,325 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of Qiwi in the third quarter worth about $985,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Qiwi by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 2,090,471 shares of the credit services provider’s stock worth $36,353,000 after acquiring an additional 216,547 shares in the last quarter. Institutional investors and hedge funds own 29.15% of the company’s stock.

Qiwi Company Profile

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russia, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. It operates through Payment Services, Consumer Financial Services, Small and Medium Enterprises, and Rocketbank segments.

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