Short Interest in Freedom Holding Corp. (NASDAQ:FRHC) Decreases By 5.1%

by · The Cerbat Gem

Freedom Holding Corp. (NASDAQ:FRHC – Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 598,600 shares, a decline of 5.1% from the August 15th total of 631,100 shares. Based on an average daily trading volume, of 95,000 shares, the short-interest ratio is currently 6.3 days. Approximately 3.4% of the company’s stock are sold short.

Freedom Stock Performance

Shares of FRHC stock opened at $97.79 on Friday. Freedom has a 12 month low of $64.00 and a 12 month high of $98.00. The stock has a market cap of $5.93 billion, a PE ratio of 15.50 and a beta of 1.04. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.03. The company’s fifty day moving average price is $87.10 and its 200-day moving average price is $77.96.

Freedom (NASDAQ:FRHC – Get Free Report) last announced its earnings results on Friday, August 9th. The company reported $0.57 EPS for the quarter. Freedom had a net margin of 19.32% and a return on equity of 32.00%. The firm had revenue of $450.72 million for the quarter.

Hedge Funds Weigh In On Freedom

A number of hedge funds have recently bought and sold shares of the company. Algert Global LLC boosted its stake in Freedom by 44.0% in the 2nd quarter. Algert Global LLC now owns 5,905 shares of the company’s stock worth $445,000 after purchasing an additional 1,805 shares in the last quarter. Marshall Wace LLP bought a new position in Freedom in the 2nd quarter worth about $618,000. Sparta 24 Ltd. bought a new position in Freedom in the 2nd quarter worth about $1,996,000. Quest Partners LLC raised its position in Freedom by 901.9% in the 2nd quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock worth $406,000 after buying an additional 4,852 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Freedom in the 1st quarter worth about $426,000. Institutional investors own 1.26% of the company’s stock.

About Freedom

(Get Free Report)

Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, retail banking, corporate investment banking, and underwriting 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; 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.

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