Vasta Platform Limited (NASDAQ:VSTA) Sees Significant Growth in Short Interest

Vasta Platform Limited (NASDAQ:VSTA) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 22,900 shares, a growth of 73.5% from the February 13th total of 13,200 shares. Based on an average daily volume of 87,000 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Vasta Platform

An institutional investor recently raised its position in Vasta Platform stock. JPMorgan Chase & Co. grew its holdings in shares of Vasta Platform Limited (NASDAQ:VSTA) by 29.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.80% of the company’s stock.

Vasta Platform Price Performance

Vasta Platform stock opened at $3.36 on Friday. The firm has a market cap of $269.38 million, a P/E ratio of -47.99 and a beta of 0.19. The stock’s 50 day moving average is $2.78 and its 200 day moving average is $2.57. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.21 and a quick ratio of 0.90. Vasta Platform has a one year low of $1.60 and a one year high of $4.10.

Vasta Platform Company Profile

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.