Short Interest in Qiwi PLC Decreases By 22.8% (QIWI)
Qiwi PLC (NASDAQ:QIWI) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totalling 1,407,519 shares, a decline of 22.8% from the June 13th total of 1,822,878 shares, American Banking and Market News reports. Based on an average trading volume of 1,239,088 shares, the short-interest ratio is presently 1.1 days. Currently, 0.0% of the company’s stock are short sold.
Several analysts have recently commented on the stock. Analysts at Susquehanna initiated coverage on shares of Qiwi PLC in a research note on Monday. They set a “positive” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Qiwi PLC from $50.00 to $62.00 in a research note on Tuesday, July 15th. They now have an “overweight” rating on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Qiwi PLC in a research note on Monday, July 14th. They set a “buy” rating and a $60.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $51.17.
Qiwi PLC (NASDAQ:QIWI) opened at 37.58 on Tuesday. Qiwi PLC has a 1-year low of $25.22 and a 1-year high of $59.24. The stock’s 50-day moving average is $41.53 and its 200-day moving average is $38.63. The company has a market cap of $1.962 billion and a price-to-earnings ratio of 29.73.
Qiwi PLC (NASDAQ:QIWI) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.08. The company had revenue of $52.60 million for the quarter, compared to the consensus estimate of $44.24 million. During the same quarter in the previous year, the company posted $7.02 earnings per share. The company’s revenue for the quarter was up 46.2% on a year-over-year basis. On average, analysts predict that Qiwi PLC will post $1.58 earnings per share for the current fiscal year.
QIWI plc. is a provider of payment services in Russia and Commonwealth of Independent States (NASDAQ:QIWI).
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