Katapult Holdings, Inc. (NASDAQ:KPLT) Short Interest Down 43.4% in December

Katapult Holdings, Inc. (NASDAQ:KPLT) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 411,055 shares, a decline of 43.4% from the December 15th total of 726,081 shares. Approximately 10.4% of the shares of the stock are sold short. Based on an average trading volume of 105,373 shares, the short-interest ratio is presently 3.9 days. Based on an average trading volume of 105,373 shares, the short-interest ratio is presently 3.9 days. Approximately 10.4% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Katapult in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Katapult has a consensus rating of “Reduce” and a consensus price target of $10.00.

Katapult Trading Up 0.7%

NASDAQ:KPLT traded up $0.05 during trading hours on Friday, hitting $6.97. 32,511 shares of the company were exchanged, compared to its average volume of 63,177. The stock has a market capitalization of $32.34 million, a price-to-earnings ratio of -1.18 and a beta of 1.75. Katapult has a one year low of $5.50 and a one year high of $24.34. The company has a fifty day simple moving average of $6.48 and a 200 day simple moving average of $11.18.

Katapult (NASDAQ:KPLT) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.72). The firm had revenue of $74.04 million during the quarter, compared to the consensus estimate of $74.55 million. Equities research analysts predict that Katapult will post -3.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Katapult

Several large investors have recently modified their holdings of KPLT. Virtu Financial LLC bought a new stake in Katapult during the third quarter valued at $121,000. Two Sigma Investments LP acquired a new position in shares of Katapult in the 3rd quarter valued at about $273,000. CIBC Bancorp USA Inc. bought a new stake in shares of Katapult during the 3rd quarter valued at about $699,000. CIBC Private Wealth Group LLC grew its stake in Katapult by 7.8% during the third quarter. CIBC Private Wealth Group LLC now owns 58,471 shares of the company’s stock worth $699,000 after purchasing an additional 4,249 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Katapult by 6.1% in the third quarter. Vanguard Group Inc. now owns 131,054 shares of the company’s stock worth $1,567,000 after purchasing an additional 7,586 shares in the last quarter. 26.81% of the stock is currently owned by institutional investors and hedge funds.

About Katapult

Katapult Holdings Inc is a New York–based fintech company that provides point-of-sale financing solutions designed to expand access to affordable consumer credit. The company’s platform enables retailers to offer lease-to-own and installment payment options to customers who may not qualify for traditional financing, using a data-driven credit decision engine and proprietary underwriting algorithms. Katapult’s digital approach streamlines the application process and automates account management, helping merchants boost conversion rates and average order values.

The company partners with a broad range of online and omnichannel retailers across categories such as furniture, electronics, outdoor equipment and consumer goods, integrating its financing options via APIs and plug-and-play modules.