Short Interest in Vasta Platform Limited (NASDAQ:VSTA) Increases By 73.5%

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

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 shares of Vasta Platform Limited (NASDAQ:VSTA) by 29.8% in the 3rd quarter, according to the company in its most recent disclosure 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 2.04% of Vasta Platform worth $4,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 15.80% of the company’s stock.

Vasta Platform Trading Down 5.6 %

Shares of Vasta Platform stock opened at $3.36 on Monday. Vasta Platform has a 1 year low of $1.60 and a 1 year high of $4.10. The firm has a market cap of $269.38 million, a PE ratio of -47.99 and a beta of 0.19. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.21 and a quick ratio of 0.90. The company has a 50 day simple moving average of $2.78 and a two-hundred day simple moving average of $2.57.

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.