Short Interest in VTEX (NYSE:VTEX) Expands By 21.4%

VTEX (NYSE:VTEX) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 893,200 shares, a growth of 21.4% from the February 28th total of 735,800 shares. Based on an average daily volume of 811,900 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.7% of the shares of the stock are sold short.

VTEX Trading Up 1.9 %

Shares of VTEX stock traded up $0.10 during trading hours on Wednesday, hitting $5.29. 381,036 shares of the company’s stock were exchanged, compared to its average volume of 817,800. The company has a market capitalization of $977.67 million, a PE ratio of 88.18 and a beta of 1.41. VTEX has a 12-month low of $4.20 and a 12-month high of $9.10. The business’s 50 day simple moving average is $5.62 and its 200-day simple moving average is $6.20.

Wall Street Analyst Weigh In

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

Institutional Trading of VTEX

Several institutional investors have recently added to or reduced their stakes in VTEX. Employees Retirement System of Texas lifted its stake in shares of VTEX by 15.1% in the 4th quarter. Employees Retirement System of Texas now owns 52,238 shares of the company’s stock valued at $308,000 after acquiring an additional 6,836 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in VTEX by 51.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 76,103 shares of the company’s stock worth $448,000 after purchasing an additional 25,938 shares during the period. State of Wyoming bought a new stake in VTEX in the fourth quarter valued at approximately $45,000. Softbank Group CORP. boosted its stake in shares of VTEX by 93.4% during the fourth quarter. Softbank Group CORP. now owns 38,434,587 shares of the company’s stock valued at $226,380,000 after purchasing an additional 18,559,399 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings 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 purchasing an additional 5,845 shares during the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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.