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

Lesaka Technologies, Inc. (NASDAQ:LSAK) saw a significant decline in short interest in 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. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 33,100 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LSAK. Rathbones Group PLC grew its holdings in shares of Lesaka Technologies by 100.0% in the 2nd 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 last quarter. Renaissance Technologies LLC boosted its position in Lesaka Technologies by 8.8% in the second quarter. Renaissance Technologies LLC now owns 182,100 shares of the company’s stock valued at $852,000 after buying an additional 14,700 shares in the last quarter. Finally, Hosking Partners LLP grew its stake in Lesaka Technologies by 58.8% during the second quarter. Hosking Partners LLP now owns 2,607,388 shares of the company’s stock worth $12,203,000 after buying an additional 965,576 shares during the last quarter. 24.19% of the stock is currently owned by institutional investors and hedge funds.

Lesaka Technologies Trading Up 0.2 %

LSAK stock opened at $5.12 on Monday. The company has a current ratio of 1.73, a quick ratio of 1.53 and a debt-to-equity ratio of 0.79. The firm has a market cap of $399.46 million, a P/E ratio of -20.48 and a beta of 0.89. Lesaka Technologies has a 1-year low of $3.00 and a 1-year high of $5.60. The business’s 50 day moving average is $5.24 and its 200-day moving average is $4.91.

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.