VTEX (NYSE:VTEX) Sees Large Growth in Short Interest

VTEX (NYSE:VTEX) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 735,800 shares, a growth of 29.5% from the February 13th total of 568,100 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average trading volume of 811,000 shares, the days-to-cover ratio is presently 0.9 days.

VTEX Trading Down 2.1 %

NYSE VTEX traded down $0.11 during trading hours on Tuesday, hitting $4.92. 706,705 shares of the company’s stock were exchanged, compared to its average volume of 848,491. VTEX has a 1-year low of $4.20 and a 1-year high of $9.10. The stock has a 50-day simple moving average of $5.84 and a 200 day simple moving average of $6.34. The firm has a market cap of $908.36 million, a price-to-earnings ratio of 81.93 and a beta of 1.41.

Institutional Trading of VTEX

Several large investors have recently modified their holdings of the stock. Employees Retirement System of Texas lifted its position in shares of VTEX by 15.1% during the 4th quarter. Employees Retirement System of Texas now owns 52,238 shares of the company’s stock valued at $308,000 after acquiring an additional 6,836 shares during the period. Public Employees Retirement System of Ohio increased its stake in VTEX by 51.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 76,103 shares of the company’s stock valued at $448,000 after purchasing an additional 25,938 shares in the last quarter. State of Wyoming acquired a new position in shares of VTEX during the fourth quarter valued at about $45,000. Softbank Group CORP. boosted its position in shares of VTEX by 93.4% during the 4th quarter. Softbank Group CORP. now owns 38,434,587 shares of the company’s stock worth $226,380,000 after purchasing an additional 18,559,399 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of VTEX by 22.2% during the 4th quarter. Point72 Asset Management L.P. now owns 32,200 shares of the company’s stock worth $190,000 after purchasing an additional 5,845 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VTEX shares. UBS Group decreased their target price on shares of VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a research report on Friday, December 20th. JPMorgan Chase & Co. reduced their price objective on shares of VTEX from $9.50 to $9.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Finally, Citigroup started coverage on shares of VTEX in a research note on Thursday, December 5th. They set a “neutral” rating and a $6.70 target price for the company.

About VTEX

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.