Short Interest in Vasta Platform Limited (NASDAQ:VSTA) Grows By 168.0%

Vasta Platform Limited (NASDAQ:VSTA) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 13,400 shares, a growth of 168.0% from the December 15th total of 5,000 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 82,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Vasta Platform

An institutional investor recently raised its position in Vasta Platform stock. JPMorgan Chase & Co. raised its stake in shares of Vasta Platform Limited (NASDAQ:VSTA) by 29.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,631,525 shares of the company’s stock after purchasing an additional 374,757 shares during the quarter. JPMorgan Chase & Co. owned 2.04% of Vasta Platform worth $4,291,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 15.80% of the company’s stock.

Vasta Platform Stock Up 3.1 %

VSTA opened at $2.35 on Tuesday. The company has a market capitalization of $188.40 million, a P/E ratio of -33.57 and a beta of 0.17. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.21 and a quick ratio of 0.90. The firm’s fifty day moving average price is $2.33 and its two-hundred day moving average price is $2.59. Vasta Platform has a fifty-two week low of $1.60 and a fifty-two week high of $4.31.

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.