Lesaka Technologies

LSAK

Lesaka Technologies (formerly Net 1 UEPS Technologies) is a publicly-traded South-African financial technology company that is listed on the NASDAQ (Nasdaq: UEPS) and Johannesburg Stock Exchange (JSE: NT1). The company has managed Botswana and South Africa's social grant payment system. The company is headquartered in Johannesburg. By July 2012, Net1 had issued more than 2.5 million South African Social Security Agency (SASSA) debit MasterCards to social grant recipients in the country.

Lesaka Technologies has been a target of short sellers for a while. The current short interest of 0.39% is roughly at the average of the last 12 months (0.27%).