VTEX (NYSE:VTEX) Short Interest Update

VTEX (NYSE:VTEX) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,490,000 shares, a growth of 66.8% from the March 15th total of 893,200 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily volume of 851,700 shares, the days-to-cover ratio is presently 1.7 days.

Hedge Funds Weigh In On VTEX

A number of large investors have recently made changes to their positions in VTEX. Softbank Group CORP. lifted its stake in VTEX by 93.4% in the fourth quarter. Softbank Group CORP. now owns 38,434,587 shares of the company’s stock worth $226,380,000 after purchasing an additional 18,559,399 shares during the last quarter. Millennium Management LLC boosted its holdings in VTEX by 371.2% during the 4th quarter. Millennium Management LLC now owns 2,599,366 shares of the company’s stock valued at $15,310,000 after acquiring an additional 2,047,671 shares during the period. Polar Capital Holdings Plc grew its position in VTEX by 21.8% in the 4th quarter. Polar Capital Holdings Plc now owns 5,229,168 shares of the company’s stock valued at $30,800,000 after acquiring an additional 936,551 shares during the last quarter. Nuveen Asset Management LLC increased its stake in VTEX by 1,082.4% in the fourth quarter. Nuveen Asset Management LLC now owns 876,508 shares of the company’s stock worth $5,163,000 after purchasing an additional 802,381 shares during the period. Finally, AMS Capital Ltda lifted its position in shares of VTEX by 51.5% during the first quarter. AMS Capital Ltda now owns 1,699,053 shares of the company’s stock worth $8,614,000 after purchasing an additional 577,580 shares during the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VTEX has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of VTEX from $9.00 to $6.50 and set an “overweight” rating on the stock in a report on Tuesday. UBS Group reduced their price objective on VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research note on Friday, December 20th.

VTEX Stock Up 2.6 %

NYSE VTEX opened at $5.00 on Friday. VTEX has a 52 week low of $4.20 and a 52 week high of $8.24. The firm has a market capitalization of $913.08 million, a price-to-earnings ratio of 83.26 and a beta of 1.30. The company has a fifty day moving average of $5.12 and a two-hundred day moving average of $5.98.

About VTEX

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.