Short Interest in VTEX (NYSE:VTEX) Increases By 11,476.6%

Key Points

• Short interest in VTEX increased dramatically by 11,476.6% in July, with a total of 5,140,000 shares sold short as of July 15th.
• VTEX reported earnings of $0.01 per share for the quarter, surpassing expectations, with revenues of $54.20 million.
• Analyst ratings for VTEX show a consensus of "Moderate Buy" with an average price target of $8.70, indicating a mixture of buy and hold recommendations from major firms.

VTEX (NYSE:VTEX - Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 5,140,000 shares, agrowthof11,476.6% from the June 30th total of 44,400 shares. Approximately7.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,020,000 shares, the days-to-cover ratio is presently 5.0 days. Based on an average daily trading volume, of 1,020,000 shares, the days-to-cover ratio is presently 5.0 days. Approximately7.6% of the shares of the stock are sold short.

VTEX Price Performance

VTEX traded down $0.18 on Friday, hitting $5.79. 780,392 shares of the company's stock traded hands, compared to its average volume of 901,487. The company's 50 day simple moving average is $6.42 and its 200-day simple moving average is $5.86. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 64.34 and a beta of 1.35. VTEX has a one year low of $4.20 and a one year high of $8.03. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEX - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $54.20 million for the quarter, compared to the consensus estimate of $52.81 million. VTEX had a return on equity of 6.03% and a net margin of 6.70%. As a group, research analysts anticipate that VTEX will post 0.08 EPS for the current year.

Hedge Funds Weigh In On VTEX

A number of large investors have recently bought and sold shares of the business. State of Wyoming purchased a new stake in shares of VTEX in the 4th quarter worth $45,000. Teacher Retirement System of Texas purchased a new stake in shares of VTEX in the 2nd quarter worth $69,000. Occudo Quantitative Strategies LP purchased a new stake in shares of VTEX in the 4th quarter worth $81,000. Graham Capital Management L.P. purchased a new stake in shares of VTEX during the 4th quarter worth $101,000. Finally, Diversified Trust Co purchased a new stake in shares of VTEX during the 2nd quarter worth $122,000. Hedge funds and other institutional investors own 63.69% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on VTEX shares. JPMorgan Chase & Co. boosted their price objective on VTEX from $6.50 to $7.50 and gave the stock an "overweight" rating in a report on Tuesday, May 27th. UBS Group decreased their price objective on VTEX from $11.00 to $10.00 and set a "buy" rating for the company in a report on Friday, June 13th. Wall Street Zen cut VTEX from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Citigroup initiated coverage on VTEX in a research report on Monday, June 23rd. They set a "buy" rating and a $10.00 price objective on the stock. Finally, Jefferies Financial Group assumed coverage on VTEX in a research report on Thursday, May 22nd. They set a "hold" rating and a $7.30 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, VTEX presently has a consensus rating of "Moderate Buy" and an average price target of $8.70.

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.

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