Vasta Platform Limited (NASDAQ:VSTA) Short Interest Update

Vasta Platform Limited (NASDAQ:VSTA) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 13,200 shares, a drop of 48.0% from the January 31st total of 25,400 shares. Based on an average daily trading volume, of 86,600 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Vasta Platform

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. raised its stake in Vasta Platform Limited (NASDAQ:VSTA) by 29.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,631,525 shares of the company’s stock after acquiring an additional 374,757 shares during the period. JPMorgan Chase & Co. owned approximately 2.04% of Vasta Platform worth $4,291,000 at the end of the most recent quarter. 15.80% of the stock is currently owned by hedge funds and other institutional investors.

Vasta Platform Stock Performance

Shares of NASDAQ:VSTA opened at $2.99 on Friday. The company’s 50 day moving average price is $2.57 and its two-hundred day moving average price is $2.53. Vasta Platform has a 12-month low of $1.60 and a 12-month high of $4.10. The firm has a market cap of $239.71 million, a PE ratio of -42.71 and a beta of 0.21. The company has a quick ratio of 0.90, a current ratio of 1.21 and a debt-to-equity ratio of 0.11.

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.