Vasta Platform Limited (NASDAQ:VSTA – Get Free Report) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 22,900 shares, a growth of 73.5% from the February 13th total of 13,200 shares. Based on an average daily trading volume, of 87,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.
Hedge Funds Weigh In On Vasta Platform
An institutional investor recently raised its position in Vasta Platform stock. JPMorgan Chase & Co. grew its position in Vasta Platform Limited (NASDAQ:VSTA – Free Report) by 29.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,631,525 shares of the company’s stock after acquiring an additional 374,757 shares during the period. 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.
Vasta Platform Stock Performance
Shares of NASDAQ:VSTA opened at $3.36 on Friday. The stock has a market capitalization of $269.38 million, a price-to-earnings ratio of -47.99 and a beta of 0.19. The business’s fifty day moving average price is $2.78 and its two-hundred day moving average price is $2.56. Vasta Platform has a fifty-two week low of $1.60 and a fifty-two week high of $4.10. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.21 and a quick ratio of 0.90.
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.
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