Short Interest in Freedom Holding Corp. (NASDAQ:FRHC) Decreases By 6.8%

Freedom Holding Corp. (NASDAQ:FRHC) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 555,500 shares, a decrease of 6.8% from the September 15th total of 596,100 shares. Based on an average daily trading volume, of 86,500 shares, the short-interest ratio is presently 6.4 days. Currently, 3.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Handelsbanken Fonder AB boosted its holdings in Freedom by 15.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock valued at $351,000 after acquiring an additional 500 shares during the period. Algert Global LLC boosted its stake in shares of 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 during the period. Marshall Wace LLP bought a new position in shares of Freedom in the second quarter worth about $618,000. Sparta 24 Ltd. purchased a new position in Freedom in the 2nd quarter worth about $1,996,000. Finally, Quest Partners LLC lifted its holdings in Freedom by 901.9% during the 2nd quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock valued at $406,000 after buying an additional 4,852 shares in the last quarter. Institutional investors own 1.26% of the company’s stock.

Freedom Stock Up 4.8 %

Shares of FRHC opened at $105.37 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.03. Freedom has a 52-week low of $64.00 and a 52-week high of $105.42. The company has a market cap of $6.39 billion, a PE ratio of 16.70 and a beta of 1.05. The business has a fifty day moving average of $93.74 and a 200 day moving average of $81.54.

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

Freedom Company Profile

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