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

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

VTEX Price Performance

Shares of VTEX stock traded down $0.11 on Tuesday, hitting $4.92. 706,705 shares of the company’s stock were exchanged, compared to its average volume of 848,491. The company has a 50 day moving average of $5.84 and a 200 day moving average of $6.34. 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.

Analysts Set New Price Targets

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

Institutional Trading of VTEX

A number of hedge funds have recently added to or reduced their stakes in the stock. Employees Retirement System of Texas raised its holdings in VTEX by 15.1% in the 4th quarter. Employees Retirement System of Texas now owns 52,238 shares of the company’s stock valued at $308,000 after buying an additional 6,836 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in VTEX by 51.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 76,103 shares of the company’s stock valued at $448,000 after acquiring an additional 25,938 shares during the period. State of Wyoming bought a new position in shares of VTEX during the fourth quarter valued at $45,000. Softbank Group CORP. raised its stake in shares of VTEX by 93.4% during the fourth quarter. Softbank Group CORP. now owns 38,434,587 shares of the company’s stock valued at $226,380,000 after acquiring an additional 18,559,399 shares during the last quarter. 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 purchasing an additional 5,845 shares during the last quarter. Institutional investors and hedge funds 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.