Vasta Platform Limited (NASDAQ:VSTA) Sees Large Increase in Short Interest

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

Institutional Trading of Vasta Platform

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

Vasta Platform Stock Performance

Shares of NASDAQ VSTA traded down $0.01 during trading on Wednesday, reaching $2.68. 10,875 shares of the company traded hands, compared to its average volume of 17,674. The company has a quick ratio of 0.90, a current ratio of 1.21 and a debt-to-equity ratio of 0.11. The firm has a 50 day simple moving average of $2.33 and a 200-day simple moving average of $2.55. Vasta Platform has a 52-week low of $1.60 and a 52-week high of $4.15. The stock has a market capitalization of $214.45 million, a PE ratio of -38.21 and a beta of 0.17.

Vasta Platform (NASDAQ:VSTA) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $41.76 million. During the same quarter in the prior year, the business earned ($0.07) EPS. Equities research analysts anticipate that Vasta Platform will post 0.22 earnings per share for the current year.

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.