Vasta Platform Limited (NASDAQ:VSTA) Short Interest Update

Vasta Platform Limited (NASDAQ:VSTA - Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 10,600 shares, a growth of 39.5% from the September 15th total of 7,600 shares. Based on an average daily volume of 102,100 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

VSTA has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut shares of Vasta Platform from an "overweight" rating to an "underweight" rating in a research note on Tuesday, August 27th. Morgan Stanley lowered shares of Vasta Platform from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $4.50 to $3.00 in a report on Friday, June 21st.

Vasta Platform Stock Down 0.4 %

Shares of NASDAQ:VSTA traded down $0.01 during midday trading on Friday, reaching $2.60. 5,051 shares of the company were exchanged, compared to its average volume of 20,895. Vasta Platform has a fifty-two week low of $2.11 and a fifty-two week high of $4.55. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $2.63 and a two-hundred day simple moving average of $3.16. The firm has a market cap of $210.60 million, a PE ratio of -51.99 and a beta of 0.12.

Vasta Platform (NASDAQ:VSTA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.07. Vasta Platform had a negative net margin of 2.82% and a positive return on equity of 1.82%. The business had revenue of $56.48 million for the quarter, compared to analyst estimates of $57.35 million. As a group, sell-side analysts forecast that Vasta Platform will post 0.61 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.