VTEX (NYSE:VTEX) Short Interest Up 29.5% in February

VTEX (NYSE:VTEX) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 735,800 shares, an increase of 29.5% from the February 13th total of 568,100 shares. Based on an average daily volume of 811,000 shares, the short-interest ratio is presently 0.9 days. Approximately 1.4% of the shares of the company are sold short.

VTEX Trading Down 2.1 %

Shares of VTEX stock opened at $4.92 on Wednesday. VTEX has a 12 month low of $4.20 and a 12 month high of $9.10. The stock has a market cap of $908.36 million, a P/E ratio of 81.93 and a beta of 1.41. The company has a 50 day simple moving average of $5.82 and a two-hundred day simple moving average of $6.32.

Institutional Trading of VTEX

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP increased its stake in shares of VTEX by 105.7% in the third quarter. Quarry LP now owns 3,637 shares of the company’s stock worth $27,000 after purchasing an additional 1,869 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of VTEX in the fourth quarter worth $33,000. Barclays PLC purchased a new stake in shares of VTEX in the third quarter worth $35,000. State of Wyoming purchased a new stake in shares of VTEX in the fourth quarter worth $45,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of VTEX in the fourth quarter worth $59,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VTEX shares. UBS Group reduced their target price on shares of VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a report on Friday, December 20th. Citigroup started coverage on shares of VTEX in a report on Thursday, December 5th. They set a “neutral” rating and a $6.70 target price for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of VTEX from $9.50 to $9.00 and set an “overweight” rating for the company in a report on Friday, January 10th.

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.