Vasta Platform Limited (NASDAQ:VSTA) Short Interest Update

Key Points

• Vasta Platform Limited saw a significant increase in short interest, rising 77.9% to 53,900 shares by August 31st, representing 1.0% of total shares.
• Morgan Stanley has maintained an "underweight" rating on Vasta Platform, with analysts collectively giving the stock an average rating of "Sell."
• JPMorgan Chase & Co. increased its stake in Vasta Platform by 19.0%, owning approximately 1.72% of the company worth $5.9 million as of the latest quarter.

Vasta Platform Limited (NASDAQ:VSTA - Get Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 53,900 shares, a growth of 77.9% from the August 15th total of 30,300 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 19,700 shares, the short-interest ratio is currently 2.7 days. Based on an average daily volume of 19,700 shares, the short-interest ratio is currently 2.7 days. Currently, 1.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Morgan Stanley restated an "underweight" rating on shares of Vasta Platform in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Sell".

Institutional Investors 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 19.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,378,562 shares of the company's stock after buying an additional 220,161 shares during the period. JPMorgan Chase & Co. owned about 1.72% of Vasta Platform worth $5,900,000 at the end of the most recent quarter. Institutional investors own 15.80% of the company's stock.

Vasta Platform Stock Performance

Shares of VSTA stock opened at $4.57 on Friday. The firm's 50 day moving average price is $4.24 and its 200-day moving average price is $4.18. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.99 and a current ratio of 1.19. Vasta Platform has a one year low of $1.60 and a one year high of $5.49. The firm has a market cap of $366.12 million, a P/E ratio of 4.61, a P/E/G ratio of 0.24 and a beta of -0.04.

Vasta Platform (NASDAQ:VSTA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.09). Vasta Platform had a return on equity of 1.20% and a net margin of 26.88%.The company had revenue of $63.28 million during the quarter, compared to analyst estimates of $434.00 million. As a group, equities research analysts predict that Vasta Platform will post 0.19 EPS for the current year.

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.

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