Vasta Platform Limited (NASDAQ:VSTA) Sees Significant Growth in Short Interest

Vasta Platform Limited (NASDAQ:VSTA - Get Free Report) was the target of a significant growth in short interest in 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 presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On Vasta Platform

A hedge fund recently raised its stake 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 filing with the SEC. 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 as of its most recent filing with the SEC. 15.80% of the stock is currently owned by institutional investors and hedge funds.

Vasta Platform Price Performance

Shares of VSTA stock traded down $0.03 during trading hours on Tuesday, reaching $3.52. The company's stock had a trading volume of 9,459 shares, compared to its average volume of 59,818. The firm's 50 day simple moving average is $2.81 and its 200-day simple moving average is $2.58. The company has a market capitalization of $281.80 million, a price-to-earnings ratio of -50.21 and a beta of 0.19. Vasta Platform has a fifty-two week low of $1.60 and a fifty-two week high of $4.10. The company has a quick ratio of 0.90, a current ratio of 1.21 and a debt-to-equity ratio of 0.11.

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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.