Short Interest in VTEX (NYSE:VTEX) Rises 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) saw a large growth in short interest during the month of 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 company's shares are short sold. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is presently 5.0 days. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is presently 5.0 days. Approximately7.6% of the company's shares are short sold.

Hedge Funds Weigh In On VTEX

Hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its stake in shares of VTEX by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 36,156 shares of the company's stock worth $239,000 after purchasing an additional 2,169 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of VTEX by 15.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,712 shares of the company's stock worth $157,000 after buying an additional 3,644 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of VTEX by 6.4% in the second quarter. Public Employees Retirement System of Ohio now owns 89,279 shares of the company's stock worth $589,000 after buying an additional 5,376 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of VTEX by 22.2% in the fourth quarter. Point72 Asset Management L.P. now owns 32,200 shares of the company's stock worth $190,000 after buying an additional 5,845 shares during the last quarter. Finally, Employees Retirement System of Texas boosted its holdings in VTEX by 15.1% in the fourth quarter. Employees Retirement System of Texas now owns 52,238 shares of the company's stock worth $308,000 after purchasing an additional 6,836 shares during the period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

VTEX Stock Down 0.2%

Shares of NYSE:VTEX traded down $0.01 during trading hours on Tuesday, reaching $5.91. The stock had a trading volume of 286,811 shares, compared to its average volume of 894,755. The firm's 50 day moving average is $6.41 and its 200-day moving average is $5.85. VTEX has a 1 year low of $4.20 and a 1 year high of $8.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.39 and a current ratio of 3.39. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 65.51 and a beta of 1.34.

VTEX (NYSE:VTEX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The firm had revenue of $54.20 million during the quarter, compared to analysts' expectations of $52.81 million. VTEX had a net margin of 6.70% and a return on equity of 6.03%. Research analysts predict that VTEX will post 0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.