Short Interest in Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) Grows By 28.9%

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

Joint Stock Company Kaspi.kz Price Performance

KSPI stock opened at $79.05 on Wednesday. Joint Stock Company Kaspi.kz has a one year low of $70.61 and a one year high of $111.45. The stock has a market cap of $15.77 billion, a price-to-earnings ratio of 7.13 and a beta of 0.89. The company has a fifty day moving average price of $75.46 and a two-hundred day moving average price of $81.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its stake in shares of Joint Stock Company Kaspi.kz by 1,518.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company’s stock valued at $70,996,000 after acquiring an additional 815,509 shares in the last quarter. Amova Asset Management Americas Inc. grew its holdings in Joint Stock Company Kaspi.kz by 8.6% in the third quarter. Amova Asset Management Americas Inc. now owns 323,903 shares of the company’s stock worth $26,476,000 after purchasing an additional 25,594 shares during the period. 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. Russell Investments Group Ltd. raised its holdings in shares of 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 valued at $15,625,000 after purchasing an additional 29,283 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Joint Stock Company Kaspi.kz by 9.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 147,485 shares of the company’s stock worth $12,520,000 after purchasing an additional 13,113 shares in the last quarter. Institutional investors own 32.20% of the company’s stock.

Analysts Set New Price Targets

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