Vitru Limited (NASDAQ:VTRU) Sees Significant Drop in Short Interest

Vitru Limited (NASDAQ:VTRU) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 15,000 shares, a decline of 50.7% from the February 29th total of 30,400 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,100 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. SPX Gestao de Recursos Ltda raised its stake in shares of Vitru by 3,763.3% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 56,482 shares of the company’s stock valued at $890,000 after acquiring an additional 55,020 shares in the last quarter. Rock Creek Group LP grew its holdings in shares of Vitru by 41.9% during the third quarter. Rock Creek Group LP now owns 37,663 shares of the company’s stock worth $662,000 after purchasing an additional 11,120 shares during the last quarter. Sagil Capital LLP purchased a new position in shares of Vitru during the third quarter worth about $901,000. Lazard Asset Management LLC grew its holdings in shares of Vitru by 223.4% during the second quarter. Lazard Asset Management LLC now owns 4,272 shares of the company’s stock worth $68,000 after purchasing an additional 2,951 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Vitru during the second quarter worth about $482,000. 74.47% of the stock is currently owned by institutional investors and hedge funds.

Vitru Stock Performance

Shares of Vitru stock opened at $14.30 on Thursday. The stock has a market cap of $481.77 million, a P/E ratio of 25.09 and a beta of -0.12. The stock’s 50 day simple moving average is $14.11 and its 200-day simple moving average is $14.22. Vitru has a 1-year low of $9.80 and a 1-year high of $23.45. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.18 and a quick ratio of 0.73.

About Vitru

Vitru Limited, together with its subsidiaries, provides educational services in Brazil. The company operates through Digital Education Undergraduate Courses, Continuing Education Courses, and On-Campus Undergraduate Courses segments. It offers distance, on-site undergraduate, graduate, technical, and professional courses, as well as continuing education and preparatory courses.