Vasta Platform Limited (NASDAQ:VSTA) Sees Large Decrease in Short Interest

Vasta Platform Limited (NASDAQ:VSTA) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 12,700 shares, a decrease of 34.5% from the May 31st total of 19,400 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 29,700 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley downgraded Vasta Platform from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $4.50 to $3.00 in a research note on Friday, June 21st.

Vasta Platform Stock Performance

Shares of NASDAQ:VSTA traded up $0.04 on Friday, hitting $3.05. The company had a trading volume of 16,930 shares, compared to its average volume of 20,978. The business has a 50 day moving average of $3.47 and a 200 day moving average of $3.84. Vasta Platform has a 52-week low of $2.90 and a 52-week high of $4.55. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.06.

Vasta Platform (NASDAQ:VSTA) last released its earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $93.06 million for the quarter, compared to analyst estimates of $91.17 million. Vasta Platform had a negative net margin of 3.90% and a positive return on equity of 1.84%. As a group, sell-side analysts expect that Vasta Platform will post 0.3 EPS for the current fiscal year.

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.