Vasta Platform Limited (NASDAQ:VSTA) Short Interest Down 44.9% in September

Vasta Platform Limited (NASDAQ:VSTA) saw a significant decline in short interest in September. As of September 15th, there was short interest totalling 7,600 shares, a decline of 44.9% from the August 31st total of 13,800 shares. Based on an average daily trading volume, of 101,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Vasta Platform Price Performance

Shares of VSTA opened at $2.64 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.17. The business’s fifty day moving average is $2.70 and its 200 day moving average is $3.25. Vasta Platform has a 12-month low of $2.11 and a 12-month high of $4.55. The stock has a market cap of $213.85 million, a P/E ratio of -18.86 and a beta of 0.10.

Vasta Platform (NASDAQ:VSTA) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.07. Vasta Platform had a positive return on equity of 1.82% and a negative net margin of 2.82%. The business had revenue of $56.48 million during the quarter, compared to analyst estimates of $57.35 million. Sell-side analysts anticipate that Vasta Platform will post 0.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley downgraded Vasta Platform from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $4.50 to $3.00 in a research report on Friday, June 21st. JPMorgan Chase & Co. lowered shares of Vasta Platform from an “overweight” rating to an “underweight” rating in a report 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.