Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) Sees Significant Growth in Short Interest

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 1,514,526 shares, an increase of 28.9% from the November 30th total of 1,174,838 shares. Based on an average daily volume of 446,344 shares, the days-to-cover ratio is currently 3.4 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 446,344 shares, the days-to-cover ratio is currently 3.4 days.

Joint Stock Company Kaspi.kz Trading Down 0.0%

Shares of KSPI opened at $79.05 on Wednesday. The stock has a market cap of $15.77 billion, a PE ratio of 7.13 and a beta of 0.89. Joint Stock Company Kaspi.kz has a 1 year low of $70.61 and a 1 year high of $111.45. The stock has a 50 day simple moving average of $75.46 and a 200-day simple moving average of $81.79.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its holdings in Joint Stock Company Kaspi.kz by 18.9% during the second quarter. Russell Investments Group Ltd. now owns 184,063 shares of the company’s stock worth $15,625,000 after buying an additional 29,283 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Joint Stock Company Kaspi.kz by 9.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 147,485 shares of the company’s stock valued at $12,520,000 after acquiring an additional 13,113 shares during the period. SG Americas Securities LLC boosted its stake in Joint Stock Company Kaspi.kz by 70.1% during the 2nd quarter. SG Americas Securities LLC now owns 28,637 shares of the company’s stock worth $2,431,000 after acquiring an additional 11,805 shares during the last quarter. Renaissance Capital LLC grew its holdings in Joint Stock Company Kaspi.kz by 6.7% during the second quarter. Renaissance Capital LLC now owns 65,635 shares of the company’s stock valued at $5,572,000 after purchasing an additional 4,111 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased 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 in the last quarter. 32.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Joint Stock Company Kaspi.kz from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Joint Stock Company Kaspi.kz in a research report on Monday. Finally, Zacks Research cut Joint Stock Company Kaspi.kz from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Joint Stock Company Kaspi.kz presently has an average rating of “Hold” and an average target price of $111.00.

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.