Vasta Platform Limited (NASDAQ:VSTA) Short Interest Up 31.5% in January

Vasta Platform Limited (NASDAQ:VSTA) benefited from a sharp increase in short-term interest in January. As of January 15, there was short interest totaling 607,900 shares, an increase of 31.5% from the total of 462,300 shares as of December 31. Based on an average trading volume of 313,300 shares, the short-term interest rate ratio is currently 1.9 days.

NASDAQ:VSTA shares opened at $5.21 on Wednesday. The company’s 50-day moving average is $3.84 and its 200-day moving average is $4.65. The Vasta platform has a 1-year minimum of $2.20 and a 1-year maximum of $15.48. The company has a quick ratio of 1.60, a current ratio of 2.00 and a leverage ratio of 0.12.

Vasta Platform Inc (NASDAQ:VSTA) last announced its results on Thursday, November 11. The company reported ($0.84) earnings per share (EPS) for the quarter, missing Thomson Reuters consensus estimate of ($0.15) by ($0.69). The company had revenue of $24.34 million in the quarter. During the same quarter last year, the company posted EPS ($999.00). On average, equity research analysts expect Vasta Platform to post an EPS of -0.08 for the current year.

A number of large investors have recently changed their positions in VSTA. FMR LLC increased its position in Vasta Platform by 21.6% during the 2nd quarter. FMR LLC now owns 1,333,736 shares of the company valued at $10,830,000 after purchasing an additional 237,011 shares last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Vasta Platform by 37.8% during Q2. Kayne Anderson Rudnick Investment Management LLC now owns 2,597,270 shares of the company valued at $21,090,000 after purchasing an additional 712,045 shares in the last quarter. Marshall Wace LLP increased its stake in Vasta Platform by 124.1% during the 2nd quarter. Marshall Wace LLP now owns 106,463 shares of the company valued at $865,000 after purchasing an additional 58,948 shares in the last quarter. State Street Corp bought a new stake in Vasta Platform during Q2, valued at around $153,000. Finally, Amundi acquired a new stake in Vasta Platform during the 2nd quarter valued at approximately $3,644,000. 18.65% of the shares are currently held by institutional investors.

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Separately, Zacks Investment Research upgraded the Vasta platform from a “hold” rating to a “buy” rating and set a price target of $4.75 for the company in a Saturday 22nd research report. January.

Vasta Platform Company Profile

Vasta Platform Limited, an education company, provides educational and digital solutions to private schools operating in the K-12 education sector in Brazil. The Company operates in two segments, Content & EdTech Platform and Digital Platform. The Content & EdTech Platform segment offers basic and complementary educational content solutions through digital and printed content, including textbooks, learning systems and other complementary educational services.

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