Vasta Platform Limited (NASDAQ:VSTA) Sees Significant Drop in Short Interest

Vasta Platform Limited (NASDAQ:VSTA) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 9,200 shares, a decrease of 21.4% from the June 30th total of 11,700 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 32,000 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley downgraded Vasta Platform from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $4.50 to $3.00 in a report on Friday, June 21st.

Vasta Platform Trading Down 1.6 %

VSTA stock traded down $0.05 during midday trading on Monday, reaching $3.00. The stock had a trading volume of 15,663 shares, compared to its average volume of 46,042. The firm has a market cap of $243 million, a price-to-earnings ratio of -21.78 and a beta of 0.13. Vasta Platform has a twelve month low of $2.87 and a twelve month high of $4.55. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $3.19 and a two-hundred day simple moving average of $3.67.

Vasta Platform (NASDAQ:VSTA) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. Vasta Platform had a negative net margin of 3.90% and a positive return on equity of 1.84%. The business had revenue of $93.06 million for the quarter, compared to analyst estimates of $91.17 million. As a group, research analysts expect that Vasta Platform will post 0.3 EPS for the current fiscal year.

Vasta Platform Company Profile

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.