Short Interest in VTEX (NYSE:VTEX) Expands By 21.4%

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup initiated coverage on VTEX in a report on Thursday, December 5th. They set a “neutral” rating and a $6.70 price target on the stock. JPMorgan Chase & Co. reduced 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. Finally, UBS Group cut their price target on shares of VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a report on Friday, December 20th.

Institutional Investors Weigh In On VTEX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Softbank Group CORP. boosted its holdings in shares of VTEX by 93.4% during the 4th quarter. Softbank Group CORP. now owns 38,434,587 shares of the company’s stock valued at $226,380,000 after buying an additional 18,559,399 shares in the last quarter. Polar Capital Holdings Plc boosted its stake in VTEX by 21.8% during the fourth quarter. Polar Capital Holdings Plc now owns 5,229,168 shares of the company’s stock worth $30,800,000 after acquiring an additional 936,551 shares in the last quarter. Millennium Management LLC grew its holdings in VTEX by 371.2% in the fourth quarter. Millennium Management LLC now owns 2,599,366 shares of the company’s stock worth $15,310,000 after purchasing an additional 2,047,671 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of VTEX by 7.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,463,925 shares of the company’s stock valued at $8,623,000 after purchasing an additional 106,920 shares in the last quarter. Finally, AMS Capital Ltda increased its stake in shares of VTEX by 54.4% during the fourth quarter. AMS Capital Ltda now owns 1,121,473 shares of the company’s stock valued at $6,605,000 after purchasing an additional 395,030 shares in the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

VTEX Trading Up 1.9 %

VTEX stock traded up $0.10 during trading hours on Wednesday, hitting $5.29. 381,036 shares of the stock traded hands, compared to its average volume of 817,800. VTEX has a one year low of $4.20 and a one year high of $9.10. The company has a market cap of $977.67 million, a PE ratio of 88.18 and a beta of 1.41. The firm’s 50-day moving average price is $5.62 and its two-hundred day moving average price is $6.20.

VTEX Company Profile

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.