Freedom Holding Corp. (NASDAQ:FRHC) Short Interest Up 18.5% in March

Freedom Holding Corp. (NASDAQ:FRHC) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 257,800 shares, a growth of 18.5% from the March 15th total of 217,600 shares. Based on an average daily volume of 87,700 shares, the short-interest ratio is currently 2.9 days. Currently, 1.5% of the shares of the company are short sold.

Freedom Stock Up 5.3 %

Shares of FRHC stock traded up $6.65 during trading hours on Tuesday, reaching $133.27. The company had a trading volume of 44,983 shares, compared to its average volume of 83,078. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 24.95 and a beta of 1.10. Freedom has a 12 month low of $64.00 and a 12 month high of $164.82. The business has a fifty day simple moving average of $135.65 and a 200-day simple moving average of $127.82.

Freedom (NASDAQ:FRHC) last released its quarterly earnings data on Friday, February 7th. The company reported $1.29 EPS for the quarter. Freedom had a net margin of 14.99% and a return on equity of 26.63%.

Insider Activity at Freedom

In related news, insider Sergey Lukyanov sold 2,901 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $160.29, for a total transaction of $465,001.29. Following the sale, the insider now owns 124,800 shares in the company, valued at $20,004,192. The trade was a 2.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert Wotczak sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $156.88, for a total value of $1,725,680.00. Following the transaction, the chief executive officer now owns 59,000 shares of the company’s stock, valued at $9,255,920. This trade represents a 15.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,973 shares of company stock worth $4,883,489. Insiders own 70.40% of the company’s stock.

Hedge Funds Weigh In On Freedom

Institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in Freedom by 19.0% during the 3rd quarter. State Street Corp now owns 45,155 shares of the company’s stock valued at $4,279,000 after buying an additional 7,207 shares during the period. Jane Street Group LLC purchased a new stake in shares of Freedom in the third quarter worth $206,000. Barclays PLC raised its holdings in Freedom by 1,263.2% in the third quarter. Barclays PLC now owns 4,144 shares of the company’s stock worth $393,000 after buying an additional 3,840 shares during the last quarter. Geode Capital Management LLC increased its holdings in Freedom by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 53,338 shares of the company’s stock worth $5,054,000 after buying an additional 811 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Freedom by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,863 shares of the company’s stock valued at $840,000 after buying an additional 124 shares during the last quarter. 1.26% of the stock is currently owned by institutional investors.

About Freedom

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.