Short Interest in Katapult Holdings, Inc. (NASDAQ:KPLT) Increases By 340.6%

by · The Markets Daily

Katapult Holdings, Inc. (NASDAQ:KPLT – Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 726,081 shares, an increase of 340.6% from the November 30th total of 164,779 shares. Currently, 18.4% of the company’s stock are short sold. Based on an average trading volume of 1,854,660 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 1,854,660 shares, the days-to-cover ratio is presently 0.4 days. Currently, 18.4% of the company’s stock are short sold.

Katapult Price Performance

Shares of KPLT opened at $6.45 on Thursday. The business has a fifty day moving average of $8.11 and a 200 day moving average of $11.38. Katapult has a one year low of $5.08 and a one year high of $24.34. The firm has a market capitalization of $29.93 million, a P/E ratio of -1.09 and a beta of 1.76.

Katapult (NASDAQ:KPLT – Get Free Report) last announced its earnings results on Wednesday, November 12th. The company reported ($0.94) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.72). The company had revenue of $74.04 million during the quarter, compared to the consensus estimate of $74.55 million. Analysts expect that Katapult will post -3.09 EPS for the current fiscal year.

Analyst Ratings Changes

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

Read Our Latest Analysis on KPLT

Institutional Trading of Katapult

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of 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 during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Katapult by 7.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 58,471 shares of the company’s stock valued at $699,000 after acquiring an additional 4,249 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in Katapult in the third quarter worth $699,000. Two Sigma Investments LP bought a new stake in shares of Katapult in the 3rd quarter worth about $273,000. Finally, Virtu Financial LLC purchased a new stake in shares of Katapult during the 3rd quarter valued at about $121,000. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Katapult Company Profile

(Get Free Report)

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.

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