Vasta Platform Limited (NASDAQ:VSTA) Short Interest Down 93.7% in December

by · The Markets Daily

Vasta Platform Limited (NASDAQ:VSTA – Get Free Report) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 1,039 shares, a decline of 93.7% from the November 30th total of 16,532 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 13,869 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 13,869 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Vasta Platform

An institutional investor recently raised its position in Vasta Platform stock. JPMorgan Chase & Co. raised its position in Vasta Platform Limited (NASDAQ:VSTA – Free Report) by 19.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,378,562 shares of the company’s stock after purchasing an additional 220,161 shares during the quarter. JPMorgan Chase & Co. owned 1.72% of Vasta Platform worth $5,900,000 at the end of the most recent reporting period. 15.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vasta Platform in a report on Monday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Check Out Our Latest Stock Report on VSTA

Vasta Platform Trading Down 0.1%

NASDAQ:VSTA opened at $4.95 on Thursday. The business’s 50-day simple moving average is $4.95 and its 200-day simple moving average is $4.60. Vasta Platform has a fifty-two week low of $2.00 and a fifty-two week high of $5.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.50 and a quick ratio of 1.18. The stock has a market capitalization of $396.60 million, a PE ratio of 4.85, a price-to-earnings-growth ratio of 0.23 and a beta of -0.28.

Vasta Platform (NASDAQ:VSTA – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The company had revenue of $46.85 million during the quarter, compared to the consensus estimate of $291.00 million. Vasta Platform had a net margin of 27.31% and a return on equity of 1.53%. Sell-side analysts expect that Vasta Platform will post 0.19 earnings per share for the current fiscal year.

Vasta Platform Company Profile

(Get Free Report)

Vasta Platform, Inc (NASDAQ: VSTA) is a technology company specializing in cloud-based talent acquisition solutions for the staffing and recruiting industry. The company’s origins trace back to The SysLogic Group, founded in 1980 to deliver workforce management and software services. In January 2023, its recruiting software division was rebranded as Vasta Platform, marking a strategic focus on AI-driven hiring and workforce optimization.

At the core of Vasta’s offering is an integrated software suite designed to streamline the entire recruiting lifecycle.

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