Short Interest in VTEX (NYSE:VTEX) Expands By 29.5%

VTEX (NYSE:VTEX - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 735,800 shares, an increase of 29.5% from the February 13th total of 568,100 shares. Approximately 1.4% of the company's shares are sold short. Based on an average daily volume of 811,000 shares, the days-to-cover ratio is presently 0.9 days.

VTEX Price Performance

Shares of VTEX traded down $0.11 during midday trading on Friday, hitting $4.84. 188,772 shares of the company traded hands, compared to its average volume of 560,567. The stock has a 50-day moving average of $5.78 and a 200-day moving average of $6.30. VTEX has a one year low of $4.20 and a one year high of $9.10. The firm has a market cap of $893.58 million, a P/E ratio of 80.60 and a beta of 1.41.

Institutional Investors Weigh In On VTEX

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Softbank Group CORP. increased its position in shares of 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 purchasing an additional 18,559,399 shares during the last quarter. Polar Capital Holdings Plc raised its holdings in shares of VTEX by 21.8% during the fourth quarter. Polar Capital Holdings Plc now owns 5,229,168 shares of the company's stock valued at $30,800,000 after acquiring an additional 936,551 shares in the last quarter. Millennium Management LLC raised its holdings in shares of VTEX by 371.2% during the fourth 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 holdings in shares of VTEX by 7.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,463,925 shares of the company's stock valued at $8,623,000 after acquiring an additional 106,920 shares in the last quarter. Finally, AMS Capital Ltda raised its holdings in VTEX by 54.4% in the fourth 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 in the last quarter. 63.69% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

VTEX has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of VTEX from $9.50 to $9.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. Citigroup assumed coverage on shares of VTEX in a report on Thursday, December 5th. They issued a "neutral" rating and a $6.70 price target on the stock. Finally, UBS Group cut their price target on shares of VTEX from $12.50 to $11.00 and set a "buy" rating on the stock in a report on Friday, December 20th.

VTEX Company Profile

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.