Short Interest in Afya Limited (NASDAQ:AFYA) Decreases By 19.1%

Afya Limited (NASDAQ:AFYA) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 921,900 shares, a decrease of 19.1% from the May 31st total of 1,140,000 shares. Based on an average daily volume of 133,200 shares, the days-to-cover ratio is presently 6.9 days. Currently, 5.9% of the shares of the company are sold short.

Hedge Funds Weigh In On Afya

A number of hedge funds have recently modified their holdings of AFYA. Doma Perpetual Capital Management LLC acquired a new position in shares of Afya in the 4th quarter worth approximately $6,467,000. Raymond James & Associates raised its holdings in shares of Afya by 134.4% in the 4th quarter. Raymond James & Associates now owns 27,695 shares of the company’s stock worth $607,000 after buying an additional 15,878 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Afya by 123.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 25,925 shares of the company’s stock worth $569,000 after buying an additional 14,337 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Afya in the 4th quarter worth approximately $245,000. Finally, Campbell & CO Investment Adviser LLC raised its holdings in shares of Afya by 56.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 28,608 shares of the company’s stock worth $627,000 after buying an additional 10,337 shares in the last quarter. 88.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut their price target on Afya from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Friday, June 21st.

Afya Trading Up 1.9 %

Afya stock opened at $17.65 on Friday. The business has a 50 day moving average price of $17.44 and a two-hundred day moving average price of $19.23. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 0.45 and a beta of 0.96. Afya has a 12 month low of $13.50 and a 12 month high of $22.48.

Afya (NASDAQ:AFYA) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. Afya had a return on equity of 17.51% and a net margin of 16.20%. The firm had revenue of $162.45 million during the quarter, compared to analysts’ expectations of $152.98 million. As a group, equities analysts forecast that Afya will post 1.63 EPS for the current year.

About Afya

Afya Limited, through its subsidiaries, operates as a medical education group in Brazil. The company operates through three segments: Undergrad, Continuing Education, and Digital Services. It offers educational products and services, including medical schools, medical residency preparatory courses, graduate courses, and other programs to lifelong medical learners enrolled across its distribution network, as well as to third-party medical schools.