Vasta Platform Limited (NASDAQ:VSTA) Short Interest Update

Vasta Platform Limited (NASDAQ:VSTA) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 8,200 shares, a drop of 22.6% from the September 30th total of 10,600 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 98,800 shares, the short-interest ratio is presently 0.1 days.

Vasta Platform Stock Performance

Shares of VSTA stock traded down $0.02 on Friday, reaching $2.60. The stock had a trading volume of 3,585 shares, compared to its average volume of 63,032. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.27 and a current ratio of 1.60. Vasta Platform has a 1 year low of $2.11 and a 1 year high of $4.55. The stock has a market cap of $210.61 million, a P/E ratio of -18.57 and a beta of 0.12. The company has a 50 day simple moving average of $2.57 and a 200 day simple moving average of $3.06.

Vasta Platform (NASDAQ:VSTA) last announced its earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.07. The business had revenue of $56.48 million for the quarter, compared to analysts’ expectations of $57.35 million. Vasta Platform had a positive return on equity of 1.82% and a negative net margin of 2.82%. Equities research analysts expect that Vasta Platform will post 0.62 EPS for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut shares of Vasta Platform from an “overweight” rating to an “underweight” rating in a research note on Tuesday, August 27th.

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.