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

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

Vasta Platform Price Performance

Shares of VSTA stock opened at $2.72 on Friday. The stock has a 50 day moving average of $2.33 and a 200-day moving average of $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. Vasta Platform has a 12 month low of $1.60 and a 12 month high of $4.15.

Vasta Platform (NASDAQ:VSTA) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.03. Vasta Platform had a negative net margin of 3.32% and a positive return on equity of 1.61%. The firm had revenue of $39.71 million during the quarter, compared to the consensus estimate of $41.76 million. During the same period in the prior year, the firm earned ($0.07) EPS. Research analysts predict that Vasta Platform will post 0.19 EPS for the current year.

Institutional Trading of Vasta Platform

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. grew its position in Vasta Platform Limited (NASDAQ:VSTA) by 29.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,631,525 shares of the company’s stock after purchasing an additional 374,757 shares during the period. JPMorgan Chase & Co. owned about 2.04% of Vasta Platform worth $4,291,000 as of its most recent filing with the SEC. Institutional investors own 15.80% of the company’s stock.

About Vasta Platform

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.