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

VTEX (NYSE:VTEX) saw a significant increase in short interest during 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 trading volume, of 811,000 shares, the short-interest ratio is currently 0.9 days. Currently, 1.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Softbank Group CORP. raised its stake in shares of VTEX by 93.4% in the fourth 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 during the period. Polar Capital Holdings Plc raised its stake in shares of VTEX by 21.8% in the fourth quarter. Polar Capital Holdings Plc now owns 5,229,168 shares of the company’s stock valued at $30,800,000 after buying an additional 936,551 shares during the period. Millennium Management LLC raised its stake in shares of VTEX by 371.2% in the fourth quarter. Millennium Management LLC now owns 2,599,366 shares of the company’s stock valued at $15,310,000 after buying an additional 2,047,671 shares during the period. Artisan Partners Limited Partnership raised its stake in shares of VTEX by 7.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,463,925 shares of the company’s stock valued at $8,623,000 after buying an additional 106,920 shares during the period. Finally, AMS Capital Ltda raised its stake in shares of VTEX by 54.4% in the fourth quarter. AMS Capital Ltda now owns 1,121,473 shares of the company’s stock valued at $6,605,000 after buying an additional 395,030 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

VTEX Stock Up 6.2 %

VTEX stock traded up $0.30 during midday trading on Monday, hitting $5.07. The company’s stock had a trading volume of 1,147,950 shares, compared to its average volume of 842,607. The stock’s 50-day moving average price is $5.86 and its 200 day moving average price is $6.35. VTEX has a 1 year low of $4.20 and a 1 year high of $9.10. The stock has a market cap of $936.08 million, a price-to-earnings ratio of 84.26 and a beta of 1.41.

Analysts Set New Price Targets

Several brokerages recently issued reports on VTEX. UBS Group cut their target price on VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. 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 report on Friday, January 10th. Finally, Citigroup began coverage on VTEX in a research report on Thursday, December 5th. They set a “neutral” rating and a $6.70 target price on the stock.

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.