Short Interest in Vasta Platform Limited (NASDAQ:VSTA) Increases By 168.0%

Vasta Platform Limited (NASDAQ:VSTA) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 13,400 shares, an increase of 168.0% from the December 31st total of 5,000 shares. Based on an average daily volume of 82,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Vasta Platform Stock Performance

Shares of VSTA stock traded down $0.08 during mid-day trading on Thursday, reaching $2.72. The stock had a trading volume of 10,371 shares, compared to its average volume of 18,580. Vasta Platform has a 1-year low of $1.60 and a 1-year high of $4.15. The business’s fifty day moving average is $2.33 and its 200-day moving average is $2.55. The company has a current ratio of 1.21, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11. The firm has a market cap of $218.06 million, a price-to-earnings ratio of -38.85 and a beta of 0.17.

Vasta Platform (NASDAQ:VSTA) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.03. The firm had revenue of $39.71 million for the quarter, compared to analyst estimates of $41.76 million. Vasta Platform had a negative net margin of 3.32% and a positive return on equity of 1.61%. During the same quarter in the prior year, the business earned ($0.07) earnings per share. On average, research analysts forecast that Vasta Platform will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Vasta Platform

An institutional investor recently raised its position in Vasta Platform stock. JPMorgan Chase & Co. raised its stake in Vasta Platform Limited (NASDAQ:VSTA) by 29.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,631,525 shares of the company’s stock after acquiring an additional 374,757 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.04% of Vasta Platform worth $4,291,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.80% of the company’s stock.

Vasta Platform Company Profile

Vasta Platform Limited provides educational printed and digital solutions to private schools operating in the K-12 education sector in Brazil. The company offers digital and printed textbooks, teacher handbooks, exercise books, multidisciplinary subject books, and student evaluations; and PAR platform that allows schools to select their preferred books and materials and follow their own specific teaching methods.