VTEX (NYSE:VTEX) Sees Large Drop in Short Interest

VTEX (NYSE:VTEX) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 430,100 shares, a decrease of 33.7% from the June 15th total of 648,800 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 477,500 shares, the short-interest ratio is currently 0.9 days.

VTEX Price Performance

VTEX stock traded up $0.04 during mid-day trading on Friday, reaching $7.15. The company’s stock had a trading volume of 3,478 shares, compared to its average volume of 470,064. The stock has a market cap of $1.32 billion, a PE ratio of -177.75 and a beta of 1.38. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.01. VTEX has a fifty-two week low of $4.66 and a fifty-two week high of $9.59. The company’s 50 day moving average is $6.98 and its two-hundred day moving average is $7.55.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. VTEX had a negative net margin of 3.87% and a negative return on equity of 3.32%. The business had revenue of $52.60 million during the quarter, compared to analysts’ expectations of $53.45 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. Equities research analysts expect that VTEX will post -0.03 EPS for the current year.

Institutional Trading of VTEX

Several hedge funds have recently made changes to their positions in VTEX. Exchange Traded Concepts LLC purchased a new position in shares of VTEX during the 4th quarter worth approximately $28,000. Bayesian Capital Management LP purchased a new position in shares of VTEX during the 1st quarter worth approximately $83,000. New York State Common Retirement Fund purchased a new position in shares of VTEX during the 4th quarter worth approximately $99,000. Absolute Gestao de Investimentos Ltda. purchased a new position in shares of VTEX during the 1st quarter worth approximately $135,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of VTEX during the 4th quarter worth approximately $138,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on VTEX. JPMorgan Chase & Co. upgraded shares of VTEX from a “neutral” rating to an “overweight” rating and set a $9.00 price objective for the company in a report on Tuesday, May 14th. UBS Group increased their price objective on shares of VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a report on Monday, March 25th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, VTEX currently has an average rating of “Buy” and an average price target of $10.20.

About VTEX

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.