Lesaka Technologies, Inc. (NASDAQ:LSAK) Short Interest Up 35.9% in October

Lesaka Technologies, Inc. (NASDAQ:LSAK) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 104,800 shares, a growth of 35.9% from the September 30th total of 77,100 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 38,300 shares, the short-interest ratio is presently 2.7 days. Based on an average daily trading volume, of 38,300 shares, the short-interest ratio is presently 2.7 days. Currently, 0.2% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Zacks Research downgraded shares of Lesaka Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Lesaka Technologies stock. Rathbones Group PLC raised its position in shares of Lesaka Technologies, Inc. (NASDAQ:LSAK) by 41.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,797,332 shares of the company’s stock after purchasing an additional 525,000 shares during the period. Rathbones Group PLC owned approximately 2.21% of Lesaka Technologies worth $8,573,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Lesaka Technologies Price Performance

LSAK traded up $0.05 during trading on Monday, hitting $4.35. 45,056 shares of the stock traded hands, compared to its average volume of 29,786. Lesaka Technologies has a twelve month low of $3.39 and a twelve month high of $5.60. The company has a market cap of $365.77 million, a price-to-earnings ratio of -3.99 and a beta of 0.68. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.52 and a quick ratio of 1.37. The business has a 50 day moving average price of $4.33 and a 200 day moving average price of $4.38.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings data on Wednesday, September 10th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.39). Lesaka Technologies had a negative net margin of 17.16% and a negative return on equity of 46.75%. The firm had revenue of $82.00 million for the quarter, compared to analyst estimates of $131.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.250- EPS. Q1 2026 guidance at EPS. Equities research analysts forecast that Lesaka Technologies will post -0.16 earnings per share for the current fiscal year.

About Lesaka Technologies

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa.