Freedom Holding Corp. (NASDAQ:FRHC) Sees Significant Increase in Short Interest

Posted by Defense World Staff on Oct 18th, 2023

Freedom Holding Corp. (NASDAQ:FRHC – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 459,800 shares, a growth of 5.8% from the September 15th total of 434,700 shares. Based on an average daily volume of 276,200 shares, the short-interest ratio is currently 1.7 days. Approximately 2.7% of the shares of the stock are short sold.

Insider Buying and Selling

In other news, VP Liudmila Kiriaku sold 3,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $85.12, for a total transaction of $255,360.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 71.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FRHC. BlackRock Inc. boosted its position in shares of Freedom by 4.6% in the 1st quarter. BlackRock Inc. now owns 90,176 shares of the company’s stock worth $5,374,000 after purchasing an additional 4,006 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Freedom by 30.9% during the 1st quarter. Vanguard Group Inc. now owns 67,728 shares of the company’s stock valued at $4,037,000 after buying an additional 15,977 shares in the last quarter. Royal Bank of Canada lifted its holdings in Freedom by 873.7% in the 1st quarter. Royal Bank of Canada now owns 5,190 shares of the company’s stock worth $309,000 after purchasing an additional 4,657 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Freedom by 33.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,383 shares of the company’s stock worth $283,000 after purchasing an additional 1,604 shares in the last quarter. Finally, Credit Suisse AG raised its holdings in shares of Freedom by 4.5% during the 2nd quarter. Credit Suisse AG now owns 13,552 shares of the company’s stock worth $601,000 after acquiring an additional 585 shares in the last quarter. Institutional investors own 1.35% of the company’s stock.

Freedom Trading Down 0.0 %

Shares of NASDAQ:FRHC opened at $82.44 on Wednesday. The company’s fifty day moving average price is $87.11 and its 200-day moving average price is $81.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.28 and a quick ratio of 1.28. Freedom has a one year low of $52.34 and a one year high of $102.40.

Freedom Company Profile

(Get Free Report)

Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, retail banking, corporate investment banking, and underwriting 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; 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.