Short Interest in Katapult Holdings, Inc. (NASDAQ:KPLT) Drops By 15.0%

Katapult Holdings, Inc. (NASDAQ:KPLTGet Free Report) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 102,600 shares, a drop of 15.0% from the September 30th total of 120,700 shares. Currently, 4.6% of the shares of the company are short sold. Based on an average daily trading volume, of 31,800 shares, the days-to-cover ratio is presently 3.2 days.

Analyst Ratings Changes

Several research firms have recently issued reports on KPLT. Loop Capital reduced their target price on Katapult from $20.00 to $15.00 and set a “hold” rating for the company in a report on Thursday, August 15th. Cantor Fitzgerald upgraded Katapult to a “hold” rating in a research note on Thursday, October 3rd.

View Our Latest Research Report on Katapult

Katapult Price Performance

Shares of KPLT stock opened at $8.55 on Thursday. The stock has a market capitalization of $35.62 million, a price-to-earnings ratio of -1.24 and a beta of 1.70. The company’s fifty day simple moving average is $10.40 and its two-hundred day simple moving average is $14.13. Katapult has a 1 year low of $8.26 and a 1 year high of $23.54.

Katapult (NASDAQ:KPLTGet Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($1.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.31) by ($0.30). The company had revenue of $58.86 million during the quarter.

Hedge Funds Weigh In On Katapult

An institutional investor recently raised its position in Katapult stock. Iridian Asset Management LLC CT boosted its position in Katapult Holdings, Inc. (NASDAQ:KPLTFree Report) by 27.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,000 shares of the company’s stock after purchasing an additional 85,742 shares during the quarter. Iridian Asset Management LLC CT owned about 9.74% of Katapult worth $4,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Katapult Company Profile

(Get Free Report)

Katapult Holdings, Inc, an e-commerce focused financial technology company, provides e-commerce point-of-sale lease-purchase options for nonprime consumers in the United States. The company's technology platform provides nonprime consumers with a lease purchase option to enable them to obtain durable goods from its network of e-commerce retailers.

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