Short Interest in Vacasa, Inc. (NASDAQ:VCSA) Declines By 20.9%

Vacasa, Inc. (NASDAQ:VCSA) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 697,900 shares, a decrease of 20.9% from the January 31st total of 882,700 shares. Based on an average daily volume of 206,400 shares, the days-to-cover ratio is currently 3.4 days. Approximately 8.9% of the company’s stock are short sold.

Analyst Ratings Changes

Several equities analysts have issued reports on VCSA shares. Needham & Company LLC reiterated a “hold” rating on shares of Vacasa in a research note on Monday, December 30th. JMP Securities reaffirmed a “market perform” rating on shares of Vacasa in a research report on Monday, December 16th. Finally, The Goldman Sachs Group decreased their target price on shares of Vacasa from $6.50 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th.

Vacasa Stock Performance

Shares of Vacasa stock traded down $0.01 during midday trading on Wednesday, hitting $5.13. The company had a trading volume of 35,441 shares, compared to its average volume of 120,201. The company has a fifty day simple moving average of $5.01 and a 200 day simple moving average of $3.86. The stock has a market cap of $116.91 million, a price-to-earnings ratio of -0.62 and a beta of 0.75. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.04. Vacasa has a 12-month low of $2.07 and a 12-month high of $8.19.

Institutional Investors Weigh In On Vacasa

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in Vacasa by 5,550.0% in the 4th quarter. JPMorgan Chase & Co. now owns 233,854 shares of the company’s stock worth $1,146,000 after acquiring an additional 229,715 shares during the last quarter. CastleKnight Management LP increased its holdings in shares of Vacasa by 200.4% in the fourth quarter. CastleKnight Management LP now owns 156,500 shares of the company’s stock valued at $767,000 after purchasing an additional 104,400 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Vacasa by 1,286.7% in the third quarter. BNP Paribas Financial Markets now owns 39,909 shares of the company’s stock worth $112,000 after purchasing an additional 37,031 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Vacasa by 15.1% during the third quarter. Geode Capital Management LLC now owns 202,019 shares of the company’s stock worth $568,000 after purchasing an additional 26,575 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Vacasa in the fourth quarter valued at approximately $90,000. 82.48% of the stock is currently owned by institutional investors and hedge funds.

About Vacasa

Vacasa, Inc operates vacation rental management platform in North America, Belize, and Costa Rica. The company enables guests to search, discover, and book its properties on Vacasa.com and its Guest App. Vacasa, Inc was founded in 2009 and is headquartered in Portland, Oregon.