Short Interest in Afya Limited (NASDAQ:AFYA) Drops By 19.1%

Afya Limited (NASDAQ:AFYA) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 921,900 shares, a decrease of 19.1% from the May 31st total of 1,140,000 shares. Approximately 5.9% of the company’s shares are short sold. Based on an average daily volume of 133,200 shares, the short-interest ratio is presently 6.9 days.

Afya Price Performance

Shares of AFYA stock opened at $17.65 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $1.65 billion, a P/E ratio of 16.50, a P/E/G ratio of 0.46 and a beta of 0.96. The company’s 50-day simple moving average is $17.44 and its two-hundred day simple moving average is $19.20. Afya has a one year low of $13.50 and a one year high of $22.48.

Afya (NASDAQ:AFYA) last issued its earnings results on Thursday, May 9th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. The business had revenue of $162.45 million for the quarter, compared to the consensus estimate of $152.98 million. Afya had a net margin of 16.20% and a return on equity of 17.51%. As a group, equities analysts anticipate that Afya will post 1.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut their price target on shares of Afya from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday, June 21st.

Hedge Funds Weigh In On Afya

A number of hedge funds have recently added to or reduced their stakes in the stock. HBK Sorce Advisory LLC boosted its stake in shares of Afya by 10.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 11,044 shares of the company’s stock valued at $242,000 after purchasing an additional 1,000 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Afya during the fourth quarter valued at approximately $245,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Afya by 123.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 25,925 shares of the company’s stock valued at $569,000 after purchasing an additional 14,337 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Afya by 134.4% during the fourth quarter. Raymond James & Associates now owns 27,695 shares of the company’s stock valued at $607,000 after purchasing an additional 15,878 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its stake in shares of Afya by 56.6% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 28,608 shares of the company’s stock valued at $627,000 after purchasing an additional 10,337 shares in the last quarter. 88.02% of the stock is currently owned by institutional investors.

About Afya

Afya Limited, through its subsidiaries, operates as a medical education group in Brazil. The company operates through three segments: Undergrad, Continuing Education, and Digital Services. It offers educational products and services, including medical schools, medical residency preparatory courses, graduate courses, and other programs to lifelong medical learners enrolled across its distribution network, as well as to third-party medical schools.