Short Interest in Vacasa, Inc. (NASDAQ:VCSA) Increases By 30.6%

Vacasa, Inc. (NASDAQ:VCSA) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 889,800 shares, a growth of 30.6% from the December 31st total of 681,200 shares. Based on an average trading volume of 162,600 shares, the days-to-cover ratio is currently 5.5 days. Currently, 14.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of analysts have commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of Vacasa in a research report on Monday, December 30th. The Goldman Sachs Group decreased their target price on shares of Vacasa from $6.50 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Vacasa in a research note on Monday, December 16th.

Hedge Funds Weigh In On Vacasa

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in shares of Vacasa by 1,286.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 39,909 shares of the company’s stock valued at $112,000 after purchasing an additional 37,031 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Vacasa by 15.1% in the third quarter. Geode Capital Management LLC now owns 202,019 shares of the company’s stock worth $568,000 after acquiring an additional 26,575 shares during the last quarter. Barclays PLC boosted its position in Vacasa by 290.2% during the 3rd quarter. Barclays PLC now owns 12,790 shares of the company’s stock valued at $36,000 after purchasing an additional 9,512 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Vacasa by 41.5% during the second quarter. Renaissance Technologies LLC now owns 66,454 shares of the company’s stock valued at $324,000 after acquiring an additional 19,500 shares during the period. Finally, Stonehearth Capital Management LLC acquired a new position in Vacasa during the 4th quarter valued at about $49,000. 82.48% of the stock is owned by hedge funds and other institutional investors.

Vacasa Trading Down 0.6 %

VCSA traded down $0.03 during trading on Friday, hitting $5.02. 84,112 shares of the company’s stock were exchanged, compared to its average volume of 252,085. The stock has a 50 day moving average price of $4.41 and a 200 day moving average price of $3.62. Vacasa has a 1 year low of $2.07 and a 1 year high of $11.70. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.04. The firm has a market cap of $114.31 million, a P/E ratio of -0.60 and a beta of 0.74.

Vacasa (NASDAQ:VCSA) last announced its earnings results on Thursday, November 7th. The company reported $2.10 EPS for the quarter, beating the consensus estimate of $1.92 by $0.18. Vacasa had a negative return on equity of 44.16% and a negative net margin of 10.18%. The business had revenue of $314.05 million for the quarter, compared to the consensus estimate of $320.74 million. During the same period last year, the business posted $18.43 EPS. As a group, analysts expect that Vacasa will post -1.83 EPS for the current fiscal year.

About Vacasa

Vacasa, Inc operates vacation rental management platform in North America, Belize, and Costa Rica. The company enables guests to search, discover, and book its properties on Vacasa.com and its Guest App. Vacasa, Inc was founded in 2009 and is headquartered in Portland, Oregon.