Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,080,000 shares, a growth of 146.0% from the December 31st total of 439,000 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average daily trading volume, of 241,900 shares, the days-to-cover ratio is currently 4.5 days.
In other news, CEO Christopher G.B. Meyer bought 31,500 shares of the firm’s stock in a transaction on Monday, December 20th. The stock was acquired at an average cost of $5.28 per share, with a total value of $166,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Monde Nkosi bought 65,753 shares of the firm’s stock in a transaction on Monday, December 20th. The stock was purchased at an average cost of $5.21 per share, with a total value of $342,573.13. The disclosure for this purchase can be found here. Insiders acquired 426,856 shares of company stock valued at $2,166,844 over the last three months. Company insiders own 1.29% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Sphinx Trading LP bought a new stake in Net 1 UEPS Technologies during the third quarter valued at $33,000. Veriti Management LLC bought a new stake in Net 1 UEPS Technologies during the fourth quarter valued at $66,000. Millennium Management LLC bought a new stake in Net 1 UEPS Technologies during the second quarter valued at $73,000. Geode Capital Management LLC boosted its stake in Net 1 UEPS Technologies by 25.4% during the second quarter. Geode Capital Management LLC now owns 28,433 shares of the business services provider’s stock valued at $133,000 after buying an additional 5,757 shares during the period. Finally, IFP Advisors Inc boosted its stake in Net 1 UEPS Technologies by 199.4% during the third…
