Vacasa, Inc. (NASDAQ:VCSA) Sees Large Drop in Short Interest

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Vacasa

Several institutional investors and hedge funds have recently made changes to their positions in VCSA. JPMorgan Chase & Co. grew its stake in Vacasa by 5,550.0% during the fourth quarter. JPMorgan Chase & Co. now owns 233,854 shares of the company’s stock worth $1,146,000 after purchasing an additional 229,715 shares during the period. Geode Capital Management LLC grew its stake in 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. CastleKnight Management LP grew its stake in Vacasa by 200.4% during the fourth quarter. CastleKnight Management LP now owns 156,500 shares of the company’s stock worth $767,000 after purchasing an additional 104,400 shares during the period. Northern Trust Corp grew its stake in Vacasa by 8.5% during the fourth quarter. Northern Trust Corp now owns 85,281 shares of the company’s stock worth $418,000 after purchasing an additional 6,710 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Vacasa by 7.3% during the fourth quarter. Renaissance Technologies LLC now owns 85,254 shares of the company’s stock worth $418,000 after purchasing an additional 5,800 shares during the period. Institutional investors and hedge funds own 82.48% of the company’s stock.

Vacasa Price Performance

Vacasa stock opened at $5.08 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $115.68 million, a PE ratio of -0.61 and a beta of 0.75. Vacasa has a 12 month low of $2.07 and a 12 month high of $9.00. The stock has a 50-day moving average price of $4.97 and a two-hundred day moving average price of $3.84.

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.