Katapult Holdings, Inc. (NASDAQ:KPLT) Short Interest Update

by · The Cerbat Gem

Katapult Holdings, Inc. (NASDAQ:KPLT – Get Free Report) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 411,055 shares, a drop of 43.4% from the December 15th total of 726,081 shares. Approximately 10.4% of the company’s shares are short sold. Based on an average daily volume of 105,373 shares, the days-to-cover ratio is currently 3.9 days. Based on an average daily volume of 105,373 shares, the days-to-cover ratio is currently 3.9 days. Approximately 10.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Katapult

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in shares of Katapult during the 3rd quarter worth $121,000. Two Sigma Investments LP bought a new stake in Katapult during the third quarter worth about $273,000. CIBC Bancorp USA Inc. purchased a new position in shares of Katapult in the 3rd quarter worth about $699,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Katapult by 7.8% in the 3rd 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 in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Katapult by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 131,054 shares of the company’s stock valued at $1,567,000 after purchasing an additional 7,586 shares during the last quarter. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Katapult Trading Down 0.3%

NASDAQ KPLT traded down $0.02 during mid-day trading on Thursday, hitting $6.92. The company’s stock had a trading volume of 22,631 shares, compared to its average volume of 66,255. Katapult has a twelve month low of $5.50 and a twelve month high of $24.34. The firm has a market capitalization of $32.11 million, a price-to-earnings ratio of -1.17 and a beta of 1.75. The company’s 50 day simple moving average is $6.55 and its 200 day simple moving average is $11.17.

Katapult (NASDAQ:KPLT – Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.72). The business had revenue of $74.04 million for the quarter, compared to analysts’ expectations of $74.55 million. As a group, research analysts forecast that Katapult will post -3.09 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Katapult in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Katapult currently has an average rating of “Reduce” and an average target price of $10.00.

Read Our Latest Stock Analysis on Katapult

About Katapult

(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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