Short Interest in Vasta Platform Limited (NASDAQ:VSTA) Expands By 168.0%

Vasta Platform Limited (NASDAQ:VSTA) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 13,400 shares, an increase of 168.0% from the December 15th total of 5,000 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 82,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Vasta Platform

An institutional investor recently raised its position in Vasta Platform stock. JPMorgan Chase & Co. grew its position in shares of Vasta Platform Limited (NASDAQ:VSTA) by 29.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,631,525 shares of the company’s stock after purchasing an additional 374,757 shares during the period. JPMorgan Chase & Co. owned approximately 2.04% of Vasta Platform worth $4,291,000 at the end of the most recent reporting period. 15.80% of the stock is owned by institutional investors and hedge funds.

Vasta Platform Trading Up 3.4 %

Vasta Platform stock opened at $2.44 on Thursday. Vasta Platform has a 1 year low of $1.60 and a 1 year high of $4.31. The firm’s 50 day moving average price is $2.33 and its 200-day moving average price is $2.59. The company has a current ratio of 1.21, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11.

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.