VTEX (NYSE:VTEX) Sees Large Growth in Short Interest

VTEX (NYSE:VTEX) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 893,200 shares, a growth of 21.4% from the February 28th total of 735,800 shares. Based on an average trading volume of 811,900 shares, the short-interest ratio is currently 1.1 days. Approximately 1.7% of the company’s stock are short sold.

VTEX Stock Performance

Shares of NYSE:VTEX traded down $0.23 during trading on Thursday, reaching $5.01. 703,366 shares of the stock traded hands, compared to its average volume of 585,314. The stock has a market cap of $926.47 million, a P/E ratio of 83.56 and a beta of 1.41. The stock has a 50-day moving average of $5.60 and a two-hundred day moving average of $6.19. VTEX has a 52-week low of $4.20 and a 52-week high of $9.10.

Analysts Set New Price Targets

A number of brokerages have weighed in on VTEX. Citigroup began coverage on shares of VTEX in a research note on Thursday, December 5th. They set a “neutral” rating and a $6.70 target price for the company. UBS Group lowered their price objective on VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. cut their target price on VTEX from $9.50 to $9.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th.

Institutional Trading of VTEX

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP boosted its position in shares of VTEX by 105.7% during the third quarter. Quarry LP now owns 3,637 shares of the company’s stock valued at $27,000 after buying an additional 1,869 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in VTEX by 15.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,712 shares of the company’s stock valued at $157,000 after acquiring an additional 3,644 shares during the period. Barclays PLC purchased a new stake in shares of VTEX during the 3rd quarter valued at about $35,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of VTEX in the fourth quarter worth approximately $33,000. Finally, Point72 Asset Management L.P. grew its stake in shares of VTEX by 22.2% in the fourth quarter. Point72 Asset Management L.P. now owns 32,200 shares of the company’s stock worth $190,000 after acquiring an additional 5,845 shares during the period. Institutional investors own 63.69% of the company’s stock.

About VTEX

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.