Short Interest in Vasta Platform Limited (NASDAQ:VSTA) Rises By 168.0%

Vasta Platform Limited (NASDAQ:VSTA - Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 13,400 shares, a growth of 168.0% from the December 31st total of 5,000 shares. Based on an average trading volume of 82,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of Vasta Platform

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. boosted its stake in shares of Vasta Platform Limited (NASDAQ:VSTA - Free Report) by 29.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,631,525 shares of the company's stock after purchasing an additional 374,757 shares during the quarter. JPMorgan Chase & Co. owned about 2.04% of Vasta Platform worth $4,291,000 at the end of the most recent quarter. Institutional investors and hedge funds own 15.80% of the company's stock.

Vasta Platform Price Performance

VSTA stock traded down $0.08 during trading on Thursday, hitting $2.72. The company had a trading volume of 10,374 shares, compared to its average volume of 18,599. The firm has a market capitalization of $218.07 million, a price-to-earnings ratio of -38.85 and a beta of 0.17. The business has a 50 day moving average of $2.33 and a 200 day moving average of $2.55. Vasta Platform has a fifty-two week low of $1.60 and a fifty-two week high of $4.15. The company has a current ratio of 1.21, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11.

Vasta Platform (NASDAQ:VSTA - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.03. The company had revenue of $39.71 million during the quarter, compared to the consensus estimate of $41.76 million. Vasta Platform had a negative net margin of 3.32% and a positive return on equity of 1.61%. During the same period in the prior year, the company earned ($0.07) EPS. As a group, research analysts predict that Vasta Platform will post 0.22 earnings per share for the current year.

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.