Short Interest in Afya Limited (NASDAQ:AFYA) Expands By 8.5%

Afya Limited (NASDAQ:AFYA) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 1,070,000 shares, an increase of 8.5% from the November 15th total of 986,000 shares. Approximately 7.5% of the company’s shares are short sold. Based on an average daily trading volume, of 128,600 shares, the days-to-cover ratio is presently 8.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AFYA. Public Employees Retirement System of Ohio bought a new position in shares of Afya during the 3rd quarter worth approximately $34,000. Quarry LP purchased a new stake in shares of Afya during the third quarter valued at approximately $75,000. Centiva Capital LP purchased a new stake in shares of Afya during the third quarter valued at approximately $213,000. Quantbot Technologies LP lifted its holdings in Afya by 73.8% during the third quarter. Quantbot Technologies LP now owns 13,268 shares of the company’s stock worth $226,000 after acquiring an additional 5,636 shares during the period. Finally, Lifestyle Asset Management Inc. boosted its position in Afya by 13.3% in the third quarter. Lifestyle Asset Management Inc. now owns 16,753 shares of the company’s stock worth $286,000 after purchasing an additional 1,969 shares during the last quarter. Institutional investors own 88.02% of the company’s stock.

Afya Stock Performance

NASDAQ:AFYA opened at $15.33 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average of $16.62 and a 200-day moving average of $16.96. The firm has a market capitalization of $1.44 billion, a P/E ratio of 12.36, a P/E/G ratio of 0.33 and a beta of 0.89. Afya has a twelve month low of $15.28 and a twelve month high of $22.48.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AFYA shares. UBS Group started coverage on shares of Afya in a report on Friday, August 30th. They issued a “neutral” rating and a $19.50 target price on the stock. The Goldman Sachs Group began coverage on Afya in a research note on Tuesday, December 3rd. They issued a “sell” rating and a $16.00 price objective on the stock.

Afya Company Profile

Afya Limited, through its subsidiaries, operates as a medical education group in Brazil. The company operates through three segments: Undergrad, Continuing Education, and Digital Services. It offers educational products and services, including medical schools, medical residency preparatory courses, graduate courses, and other programs to lifelong medical learners enrolled across its distribution network, as well as to third-party medical schools.