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

Freedom Holding Corp. (NASDAQ:FRHC) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 523,300 shares, a decrease of 5.8% from the September 30th total of 555,500 shares. Currently, 2.9% of the company’s stock are short sold. Based on an average daily volume of 85,400 shares, the days-to-cover ratio is presently 6.1 days.

Freedom Stock Down 1.8 %

Shares of Freedom stock traded down $2.05 on Thursday, hitting $109.02. The company had a trading volume of 87,514 shares, compared to its average volume of 72,136. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 19.38 and a beta of 1.05. Freedom has a 1 year low of $64.00 and a 1 year high of $112.34. The stock has a 50 day moving average of $97.51 and a 200-day moving average of $84.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.20 and a current ratio of 1.20.

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

Institutional Trading of Freedom

A number of institutional investors and hedge funds have recently modified their holdings of FRHC. Sparta 24 Ltd. purchased a new stake in shares of Freedom during the second quarter valued at approximately $1,996,000. Marshall Wace LLP purchased a new stake in shares of Freedom during the second quarter valued at approximately $618,000. Quadrature Capital Ltd purchased a new stake in shares of Freedom during the first quarter valued at approximately $426,000. Quest Partners LLC increased its position in shares of Freedom by 901.9% during the second quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock valued at $406,000 after acquiring an additional 4,852 shares during the last quarter. Finally, Algert Global LLC increased its position 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 acquiring an additional 1,805 shares during the last quarter. 1.26% of the stock is owned by hedge funds and other institutional investors.

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.