Vasta Platform Limited (NASDAQ:VSTA) Short Interest Update

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

Vasta Platform Trading Up 1.9 %

Shares of NASDAQ VSTA traded up $0.05 during trading on Monday, hitting $2.65. 2,860 shares of the company were exchanged, compared to its average volume of 62,741. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.17. Vasta Platform has a 12-month low of $2.11 and a 12-month high of $4.55. The company has a fifty day moving average price of $2.57 and a 200-day moving average price of $3.05.

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

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered shares of Vasta Platform from an “overweight” rating to an “underweight” rating in a research 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.