Vasta Platform Limited (NASDAQ:VSTA) Short Interest Down 34.5% in June

Vasta Platform Limited (NASDAQ:VSTA) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 12,700 shares, a drop of 34.5% from the May 31st total of 19,400 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 29,700 shares, the days-to-cover ratio is currently 0.4 days.

Vasta Platform Stock Performance

NASDAQ:VSTA opened at $3.05 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 1.04. Vasta Platform has a 52-week low of $2.90 and a 52-week high of $4.55. The firm has a market cap of $247.05 million, a price-to-earnings ratio of -21.78 and a beta of 0.15. The business’s fifty day moving average is $3.47 and its 200 day moving average is $3.84.

Vasta Platform (NASDAQ:VSTA) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Vasta Platform had a positive return on equity of 1.84% and a negative net margin of 3.90%. The company had revenue of $93.06 million for the quarter, compared to analyst estimates of $91.17 million. Research analysts predict that Vasta Platform will post 0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley downgraded Vasta Platform from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $4.50 to $3.00 in a research report on Friday, June 21st.

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.