Short Interest in Katapult Holdings, Inc. (NASDAQ:KPLT) Decreases By 6.4%

Katapult Holdings, Inc. (NASDAQ:KPLT) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 65,500 shares, a drop of 6.4% from the March 15th total of 70,000 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average daily volume of 14,600 shares, the short-interest ratio is presently 4.5 days.

Institutional Investors Weigh In On Katapult

Several large investors have recently added to or reduced their stakes in KPLT. Vanguard Group Inc. increased its holdings in Katapult by 34.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,496,709 shares of the company’s stock worth $2,397,000 after acquiring an additional 642,563 shares during the last quarter. Renaissance Technologies LLC increased its stake in Katapult by 174.1% in the 2nd quarter. Renaissance Technologies LLC now owns 196,000 shares of the company’s stock worth $210,000 after purchasing an additional 124,500 shares during the period. HighTower Advisors LLC increased its stake in shares of Katapult by 178.8% during the first quarter. HighTower Advisors LLC now owns 165,306 shares of the company’s stock valued at $74,000 after buying an additional 106,014 shares during the period. Charles Schwab Investment Management Inc. purchased a new position in shares of Katapult during the second quarter valued at approximately $56,000. Finally, Millennium Management LLC purchased a new stake in Katapult in the second quarter worth $59,000. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Katapult Stock Down 2.1 %

Shares of KPLT opened at $9.01 on Tuesday. Katapult has a 12-month low of $8.26 and a 12-month high of $24.76. The business’s fifty day moving average is $12.84 and its 200 day moving average is $11.29. The stock has a market cap of $36.67 million, a P/E ratio of -1.00 and a beta of 1.79.

Katapult (NASDAQ:KPLT) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($4.46) earnings per share for the quarter. Katapult had a negative net margin of 16.66% and a negative return on equity of 6,063.05%. The company had revenue of $56.71 million for the quarter.

About Katapult

Katapult Holdings, Inc, an e-commerce focused financial technology company, provides e-commerce point-of-sale lease-purchase options for nonprime consumers in the United States. The company's technology platform provides nonprime consumers with a lease purchase option to enable them to obtain durable goods from its network of e-commerce retailers.