Vacasa, Inc. (NASDAQ:VCSA) Sees Significant Decline in Short Interest

Vacasa, Inc. (NASDAQ:VCSA) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 697,900 shares, a decline of 20.9% from the January 31st total of 882,700 shares. Approximately 8.9% of the company’s shares are short sold. Based on an average daily trading volume, of 206,400 shares, the short-interest ratio is presently 3.4 days.

Vacasa Trading Up 0.4 %

Shares of NASDAQ VCSA opened at $5.16 on Thursday. Vacasa has a twelve month low of $2.07 and a twelve month high of $8.19. The firm has a market cap of $117.50 million, a PE ratio of -0.62 and a beta of 0.75. The business has a fifty day simple moving average of $5.04 and a two-hundred day simple moving average of $3.87. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.04.

Hedge Funds Weigh In On Vacasa

Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its holdings in Vacasa by 7.3% during the 4th quarter. Renaissance Technologies LLC now owns 85,254 shares of the company’s stock worth $418,000 after acquiring an additional 5,800 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Vacasa by 8.5% during the fourth quarter. Northern Trust Corp now owns 85,281 shares of the company’s stock valued at $418,000 after purchasing an additional 6,710 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Vacasa by 139.5% during the fourth quarter. Bank of America Corp DE now owns 12,456 shares of the company’s stock valued at $61,000 after purchasing an additional 7,255 shares in the last quarter. Barclays PLC increased its holdings in Vacasa by 290.2% during the third quarter. Barclays PLC now owns 12,790 shares of the company’s stock valued at $36,000 after buying an additional 9,512 shares during the period. Finally, Stonehearth Capital Management LLC bought a new position in Vacasa in the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 82.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VCSA. The Goldman Sachs Group decreased their price target on Vacasa from $6.50 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Needham & Company LLC reissued a “hold” rating on shares of Vacasa in a research note on Monday, December 30th. Finally, JMP Securities restated a “market perform” rating on shares of Vacasa in a report on Monday, December 16th.

Vacasa Company Profile

Vacasa, Inc operates vacation rental management platform in North America, Belize, and Costa Rica. The company enables guests to search, discover, and book its properties on Vacasa.com and its Guest App. Vacasa, Inc was founded in 2009 and is headquartered in Portland, Oregon.