Qiwi PLC Short Interest Down 51.6% in July (QIWI)
Qiwi PLC (NASDAQ:QIWI) saw a large drop in short interest in July. As of July 31st, there was short interest totalling 645,607 shares, a drop of 51.6% from the July 15th total of 1,333,962 shares, Stock Ratings News reports. Based on an average trading volume of 617,748 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the company’s stock are short sold.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Qiwi PLC from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 22nd. They now have a $48.60 price target on the stock. Separately, analysts at Susquehanna initiated coverage on shares of Qiwi PLC in a research note on Monday, July 21st. They set a “positive” rating and a $50.00 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $53.14.
Qiwi PLC (NASDAQ:QIWI) opened at 36.56 on Friday. Qiwi PLC has a 1-year low of $26.14 and a 1-year high of $59.24. The stock’s 50-day moving average is $38.83 and its 200-day moving average is $37.39. The company has a market cap of $1.916 billion and a price-to-earnings ratio of 24.14.
Qiwi PLC (NASDAQ:QIWI) last announced its earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.02. The company had revenue of $62.80 million for the quarter, compared to the consensus estimate of $54.37 million. During the same quarter last year, the company posted $10.50 earnings per share. Qiwi PLC’s revenue was up 21.2% compared to the same quarter last year. On average, analysts predict that Qiwi PLC will post $1.59 earnings per share for the current fiscal year.
The company also recently declared a dividend, which is scheduled for Tuesday, August 19th. Stockholders of record on Monday, August 18th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, August 14th.
QIWI plc. is a provider of payment services in Russia and Commonwealth of Independent States (NASDAQ:QIWI).
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