Afya Limited (NASDAQ:AFYA) Short Interest Update

Afya Limited (NASDAQ:AFYA) was the recipient of a large increase in short interest during the month of November. As of November 29th, there was short interest totalling 887,900 shares, an increase of 20.2% from the November 14th total of 738,400 shares. Approximately 4.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 187,700 shares, the short-interest ratio is currently 4.7 days.

Large investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. bought a new position in Afya during the 3rd quarter valued at about $26,000. Dean Capital Investments Management LLC bought a new position in Afya during the 3rd quarter valued at about $639,000. Granite Point Capital Management L.P. bought a new position in Afya during the 3rd quarter valued at about $749,000. JGP Global Gestao de Recursos Ltda. bought a new position in Afya during the 3rd quarter valued at about $7,961,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new position in Afya during the 3rd quarter valued at about $8,782,000. Institutional investors own 16.51% of the company’s stock.

AFYA has been the topic of a number of research reports. UBS Group initiated coverage on shares of Afya in a report on Thursday, September 19th. They issued a “buy” rating and a $29.00 target price on the stock. Zacks Investment Research downgraded shares of Afya from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, ValuEngine downgraded shares of Afya from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Afya presently has a consensus rating of “Hold” and an average price target of $29.37.

Afya stock opened at $27.10 on Friday. The business has a 50-day simple moving average of $27.38. Afya has a twelve month low of $21.30 and a twelve month high of $34.87. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.92 and a current ratio of 2.92.

About Afya

Afya Limited, through its subsidiaries, operates as a medical education group in Brazil. The company provides 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.

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