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

Vasta Platform Limited (NASDAQ:VSTA) was the target of a large drop in short interest in 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 company’s stock are sold short. Based on an average daily volume of 29,700 shares, the days-to-cover ratio is currently 0.4 days.

Vasta Platform Stock Up 1.3 %

Shares of NASDAQ VSTA traded up $0.04 during mid-day trading on Friday, reaching $3.05. 16,930 shares of the company traded hands, compared to its average volume of 20,978. The company’s fifty day moving average is $3.47 and its two-hundred day moving average is $3.84. Vasta Platform has a fifty-two week low of $2.90 and a fifty-two week high of $4.55. 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 (NASDAQ:VSTA) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $91.17 million. Sell-side analysts forecast that Vasta Platform will post 0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut shares of Vasta Platform from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $4.50 to $3.00 in a 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.