Lesaka Technologies, Inc. (NASDAQ:LSAK) Short Interest Update

Lesaka Technologies, Inc. (NASDAQ:LSAK) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 54,300 shares, a drop of 26.2% from the October 31st total of 73,600 shares. Based on an average trading volume of 33,300 shares, the short-interest ratio is currently 1.6 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Lesaka Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in shares of Lesaka Technologies by 8.8% in the 2nd quarter. Renaissance Technologies LLC now owns 182,100 shares of the company’s stock worth $852,000 after acquiring an additional 14,700 shares in the last quarter. Rathbones Group PLC grew its holdings in Lesaka Technologies by 100.0% in the second quarter. Rathbones Group PLC now owns 1,272,332 shares of the company’s stock worth $5,955,000 after purchasing an additional 636,166 shares during the period. Hosking Partners LLP grew its holdings in Lesaka Technologies by 58.8% in the second quarter. Hosking Partners LLP now owns 2,607,388 shares of the company’s stock worth $12,203,000 after purchasing an additional 965,576 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Lesaka Technologies by 3.7% during the first quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company’s stock valued at $326,000 after purchasing an additional 3,137 shares in the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Lesaka Technologies Trading Down 0.6 %

NASDAQ:LSAK traded down $0.03 during mid-day trading on Friday, reaching $5.40. 11,653 shares of the company’s stock traded hands, compared to its average volume of 38,365. The company has a 50 day moving average price of $5.17 and a 200-day moving average price of $4.88. The firm has a market capitalization of $421.31 million, a price-to-earnings ratio of -21.60 and a beta of 0.93. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.73 and a quick ratio of 1.53. Lesaka Technologies has a 12-month low of $3.00 and a 12-month high of $5.60.

Lesaka Technologies (NASDAQ:LSAK) last announced its earnings results on Wednesday, September 11th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The business had revenue of $146.05 million for the quarter, compared to the consensus estimate of $149.30 million. Lesaka Technologies had a negative net margin of 2.85% and a negative return on equity of 9.15%. During the same quarter in the prior year, the company earned ($0.19) EPS. On average, sell-side analysts predict that Lesaka Technologies will post -0.08 earnings per share for the current year.

Lesaka Technologies Company Profile

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa.