Freedom Holding Corp. (NASDAQ:FRHC) Short Interest Update

Freedom Holding Corp. (NASDAQ:FRHC) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 598,600 shares, a decrease of 5.1% from the August 15th total of 631,100 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average daily volume of 95,000 shares, the days-to-cover ratio is presently 6.3 days.

Freedom Stock Up 1.3 %

Shares of NASDAQ:FRHC opened at $95.69 on Wednesday. The firm has a fifty day moving average price of $86.78 and a two-hundred day moving average price of $77.84. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 15.16 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.20 and a quick ratio of 1.20. Freedom has a one year low of $64.00 and a one year high of $97.87.

Freedom (NASDAQ:FRHC) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.57 earnings per share (EPS) for the quarter. Freedom had a return on equity of 32.00% and a net margin of 19.32%. The company had revenue of $450.72 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EntryPoint Capital LLC grew its stake in Freedom by 110.7% in the 1st quarter. EntryPoint Capital LLC now owns 986 shares of the company’s stock worth $70,000 after buying an additional 518 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Freedom during the 4th quarter worth $79,000. Jump Financial LLC purchased a new position in Freedom in the fourth quarter worth $311,000. Quadrature Capital Ltd bought a new position in Freedom in the first quarter valued at $426,000. Finally, Algert Global LLC raised its position in Freedom by 44.0% during the second quarter. Algert Global LLC now owns 5,905 shares of the company’s stock valued at $445,000 after purchasing an additional 1,805 shares in the last quarter. 1.26% of the stock is currently owned by institutional investors.

Freedom Company Profile

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.