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

Vasta Platform Limited (NASDAQ:VSTA) saw 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. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 82,000 shares, the short-interest ratio is presently 0.2 days.

Vasta Platform Price Performance

NASDAQ:VSTA opened at $2.72 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.90 and a current ratio of 1.21. Vasta Platform has a 12-month low of $1.60 and a 12-month high of $4.15. The stock’s fifty day simple moving average is $2.33 and its 200-day simple moving average is $2.55.

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

Institutional Investors Weigh In On Vasta Platform

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. grew its stake in Vasta Platform Limited (NASDAQ:VSTA) by 29.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,631,525 shares of the company’s stock after buying an additional 374,757 shares during the quarter. JPMorgan Chase & Co. owned 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.

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.