Vasta Platform Limited (NASDAQ:VSTA) Short Interest Down 48.0% in February

Vasta Platform Limited (NASDAQ:VSTA) was the target of 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. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 86,600 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Vasta Platform

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. increased its position in Vasta Platform Limited (NASDAQ:VSTA) by 29.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,631,525 shares of the company’s stock after purchasing an additional 374,757 shares during the period. JPMorgan Chase & Co. owned 2.04% of Vasta Platform worth $4,291,000 at the end of the most recent reporting period. 15.80% of the stock is owned by institutional investors.

Vasta Platform Stock Up 2.7 %

NASDAQ:VSTA opened at $2.99 on Friday. The company has a market capitalization of $239.71 million, a price-to-earnings ratio of -42.71 and a beta of 0.21. Vasta Platform has a one year low of $1.60 and a one year high of $4.10. The stock has a 50-day simple moving average of $2.57 and a 200 day simple moving average of $2.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.90 and a current ratio of 1.21.

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.