Vasta Platform Limited (NASDAQ:VSTA - Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 17,000 shares, a drop of 39.1% from the March 15th total of 27,900 shares. Approximately 0.2% of the company's stock are short sold. Based on an average daily volume of 30,200 shares, the days-to-cover ratio is currently 0.6 days.
Vasta Platform Stock Down 1.4 %
Shares of Vasta Platform stock traded down $0.07 during trading on Tuesday, reaching $4.91. The stock had a trading volume of 13,794 shares, compared to its average volume of 64,979. The stock has a fifty day moving average price of $3.75 and a two-hundred day moving average price of $2.92. Vasta Platform has a 52 week low of $1.60 and a 52 week high of $5.49. The company has a market capitalization of $393.64 million, a price-to-earnings ratio of -70.56 and a beta of -0.11. The company has a current ratio of 1.21, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11.
Hedge Funds Weigh In On Vasta Platform
A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. increased its holdings in shares of Vasta Platform Limited (NASDAQ:VSTA - Free Report) by 29.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,631,525 shares of the company's stock after purchasing an additional 374,757 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.04% of Vasta Platform worth $4,291,000 as of its most recent SEC filing. 15.80% of the stock is owned by hedge funds and other institutional investors.
About Vasta Platform
(
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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.
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