Vasta Platform Limited (NASDAQ:VSTA – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 7,600 shares, a decline of 44.9% from the August 31st total of 13,800 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 101,500 shares, the short-interest ratio is currently 0.1 days.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut Vasta Platform from an “overweight” rating to an “underweight” rating in a report on Tuesday, August 27th. Morgan Stanley cut Vasta Platform from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $4.50 to $3.00 in a research report on Friday, June 21st.
Check Out Our Latest Report on VSTA
Vasta Platform Stock Performance
Vasta Platform (NASDAQ:VSTA – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.07. The business had revenue of $56.48 million for the quarter, compared to analysts’ expectations of $57.35 million. Vasta Platform had a negative net margin of 2.82% and a positive return on equity of 1.82%. On average, equities research analysts predict that Vasta Platform will post 0.61 EPS 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.
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