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

Freedom Holding Corp. (NASDAQ:FRHC) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 523,300 shares, a decline of 5.8% from the September 30th total of 555,500 shares. Based on an average daily trading volume, of 85,400 shares, the short-interest ratio is currently 6.1 days. Currently, 2.9% of the shares of the stock are short sold.

Freedom Price Performance

Shares of Freedom stock traded down $2.05 during trading on Thursday, reaching $109.02. 87,514 shares of the company’s stock were exchanged, compared to its average volume of 72,136. 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 has a 1-year low of $64.00 and a 1-year high of $112.34. The company has a market cap of $6.37 billion, a P/E ratio of 19.38 and a beta of 1.05. The firm’s 50-day moving average price is $97.51 and its 200 day moving average price is $84.10.

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

Hedge Funds Weigh In On Freedom

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB increased its holdings in Freedom by 15.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock worth $351,000 after purchasing an additional 500 shares in the last quarter. EntryPoint Capital LLC boosted its position in shares of Freedom by 110.7% during the 1st quarter. EntryPoint Capital LLC now owns 986 shares of the company’s stock valued at $70,000 after purchasing an additional 518 shares in the last quarter. Algert Global LLC boosted its position in shares of Freedom by 44.0% during the 2nd quarter. Algert Global LLC now owns 5,905 shares of the company’s stock valued at $445,000 after purchasing an additional 1,805 shares in the last quarter. Quest Partners LLC boosted its position in shares of Freedom by 901.9% during the 2nd quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock valued at $406,000 after purchasing an additional 4,852 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Freedom during the 1st quarter valued at about $426,000. Institutional investors and hedge funds own 1.26% of the company’s stock.

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.