Freedom Holding Corp. (NASDAQ:FRHC) Short Interest Up 29.3% in May

Freedom Holding Corp. (NASDAQ:FRHC) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 470,200 shares, a growth of 29.3% from the May 15th total of 363,600 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average trading volume of 96,300 shares, the short-interest ratio is presently 4.9 days.

Freedom Stock Down 6.5%

Shares of Freedom stock opened at $140.43 on Thursday. Freedom has a twelve month low of $71.88 and a twelve month high of $185.00. The company has a quick ratio of 1.28, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $151.37 and its 200 day moving average is $141.00. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 101.03 and a beta of 1.16.

Freedom (NASDAQ:FRHC) last announced its earnings results on Friday, June 13th. The company reported ($2.36) earnings per share for the quarter. The company had revenue of $363.72 million for the quarter. Freedom had a net margin of 4.13% and a return on equity of 6.92%.

Institutional Trading of Freedom

A number of hedge funds have recently bought and sold shares of FRHC. Millennium Management LLC raised its position in Freedom by 648.1% in the first quarter. Millennium Management LLC now owns 121,942 shares of the company’s stock worth $16,117,000 after acquiring an additional 105,641 shares during the period. Marshall Wace LLP purchased a new stake in shares of Freedom in the 4th quarter worth $10,589,000. D. E. Shaw & Co. Inc. raised its holdings in Freedom by 1,127.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 64,369 shares of the company’s stock worth $8,412,000 after purchasing an additional 59,124 shares during the period. Goldman Sachs Group Inc. lifted its position in Freedom by 214.4% during the first quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company’s stock valued at $9,915,000 after purchasing an additional 51,159 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Freedom by 286.0% during the fourth quarter. JPMorgan Chase & Co. now owns 34,213 shares of the company’s stock valued at $4,471,000 after purchasing an additional 25,350 shares in the last quarter. Hedge funds and other institutional investors own 1.26% of the company’s stock.

Freedom Company Profile

Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking services. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer’s account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services.