Short Interest in VTEX (NYSE:VTEX) Declines By 47.2%
VTEX (NYSE:VTEX – Get Free Report) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 93,400 shares, a decline of 47.2% from the November 15th total of 176,900 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 475,300 shares, the short-interest ratio is currently 0.2 days.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Boston Partners grew its holdings in VTEX by 5.5% during the second quarter. Boston Partners now owns 174,350 shares of the company’s stock valued at $837,000 after purchasing an additional 9,083 shares during the period. Russell Investments Group Ltd. grew its holdings in VTEX by 2.1% during the second quarter. Russell Investments Group Ltd. now owns 518,707 shares of the company’s stock valued at $2,490,000 after purchasing an additional 10,444 shares during the period. Boulder Hill Capital Management LP acquired a new position in VTEX during the second quarter valued at approximately $81,000. Itau Unibanco Holding S.A. grew its holdings in VTEX by 8.5% during the second quarter. Itau Unibanco Holding S.A. now owns 161,300 shares of the company’s stock valued at $774,000 after purchasing an additional 12,629 shares during the period. Finally, AMS Capital Ltda acquired a new position in VTEX during the second quarter valued at approximately $2,640,000. Institutional investors and hedge funds own 50.07% of the company’s stock.
VTEX Trading Down 0.9 %
Shares of VTEX traded down $0.06 on Wednesday, reaching $6.72. 228,883 shares of the company’s stock were exchanged, compared to its average volume of 449,273. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.27 billion, a P/E ratio of -73.22 and a beta of 1.42. The business has a 50 day moving average price of $6.01 and a two-hundred day moving average price of $5.41. VTEX has a 12 month low of $3.12 and a 12 month high of $7.15.
VTEX (NYSE:VTEX – Get Free Report) last posted its quarterly earnings results on Tuesday, November 7th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The business had revenue of $50.60 million during the quarter, compared to the consensus estimate of $49.28 million. VTEX had a negative net margin of 8.91% and a negative return on equity of 6.34%. VTEX’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) earnings per share. Research analysts anticipate that VTEX will post -0.1 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts recently issued reports on VTEX shares. Piper Sandler lifted their price target on shares of VTEX from $6.00 to $7.00 and gave the company an “overweight” rating in a report on Wednesday, November 8th. UBS Group raised shares of VTEX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $4.70 to $7.50 in a report on Tuesday, August 22nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $6.00.
View Our Latest Report on VTEX
VTEX Company Profile (Get Free Report)
VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.
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Original: MarketBeat News Feed: Short Interest in VTEX (NYSE:VTEX) Declines By 47.2%