Short Interest in VTEX (NYSE:VTEX) Rises By 21.4%

VTEX (NYSE:VTEX - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 893,200 shares, a growth of 21.4% from the February 28th total of 735,800 shares. Based on an average trading volume of 811,900 shares, the short-interest ratio is presently 1.1 days. Currently, 1.7% of the company's shares are short sold.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of VTEX from $9.50 to $9.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. UBS Group dropped their price objective on VTEX from $12.50 to $11.00 and set a "buy" rating for the company in a report on Friday, December 20th.

Hedge Funds Weigh In On VTEX

Hedge funds and other institutional investors have recently made changes to their positions in the company. Softbank Group CORP. lifted its stake in VTEX by 93.4% in the fourth quarter. Softbank Group CORP. now owns 38,434,587 shares of the company's stock worth $226,380,000 after acquiring an additional 18,559,399 shares during the period. Polar Capital Holdings Plc raised its stake in VTEX by 21.8% in the fourth quarter. Polar Capital Holdings Plc now owns 5,229,168 shares of the company's stock worth $30,800,000 after buying an additional 936,551 shares in the last quarter. Millennium Management LLC boosted its position in VTEX by 371.2% during the 4th quarter. Millennium Management LLC now owns 2,599,366 shares of the company's stock valued at $15,310,000 after acquiring an additional 2,047,671 shares in the last quarter. Artisan Partners Limited Partnership raised its position in shares of VTEX by 7.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,463,925 shares of the company's stock worth $8,623,000 after acquiring an additional 106,920 shares in the last quarter. Finally, AMS Capital Ltda lifted its stake in shares of VTEX by 54.4% during the 4th quarter. AMS Capital Ltda now owns 1,121,473 shares of the company's stock worth $6,605,000 after purchasing an additional 395,030 shares during the last quarter. Institutional investors own 63.69% of the company's stock.

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VTEX Stock Performance

VTEX stock traded down $0.20 during trading hours on Monday, hitting $4.52. The company had a trading volume of 1,185,598 shares, compared to its average volume of 594,649. The company has a 50-day moving average price of $5.54 and a two-hundred day moving average price of $6.16. VTEX has a 1 year low of $4.20 and a 1 year high of $9.10. The firm has a market cap of $834.44 million, a P/E ratio of 75.26 and a beta of 1.30.

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.