Lesaka Technologies, Inc. (NASDAQ:LSAK) Short Interest Down 16.9% in November

Lesaka Technologies, Inc. (NASDAQ:LSAK) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 45,100 shares, a decline of 16.9% from the November 15th total of 54,300 shares. Based on an average trading volume of 33,100 shares, the short-interest ratio is currently 1.4 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Lesaka Technologies

Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in 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 buying an additional 14,700 shares during the period. Rathbones Group PLC raised its holdings in shares of Lesaka Technologies by 100.0% during the second quarter. Rathbones Group PLC now owns 1,272,332 shares of the company’s stock valued at $5,955,000 after acquiring an additional 636,166 shares in the last quarter. Finally, Hosking Partners LLP lifted its stake 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 acquiring an additional 965,576 shares during the period. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Lesaka Technologies Trading Up 0.2 %

Shares of LSAK stock opened at $5.12 on Friday. The business has a 50-day moving average of $5.24 and a 200 day moving average of $4.91. 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 1-year low of $3.00 and a 1-year high of $5.60. The stock has a market capitalization of $399.46 million, a PE ratio of -20.48 and a beta of 0.89.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings data on Wednesday, September 11th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Lesaka Technologies had a negative net margin of 2.85% and a negative return on equity of 9.15%. The company had revenue of $146.05 million for the quarter, compared to analysts’ expectations of $149.30 million. During the same period last year, the company posted ($0.19) EPS. As a group, sell-side analysts anticipate that Lesaka Technologies will post -0.08 earnings per share for the current year.

About Lesaka Technologies

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.