Vacasa, Inc. (NASDAQ:VCSA) Short Interest Up 25.7% in April
Vacasa, Inc. (NASDAQ:VCSA – Get Rating) saw strong growth in short-term interest in April. As of April 15, there was short interest totaling 3,810,000 shares, up 25.7% from the March 31 total of 3,030,000 shares. Based on an average daily trading volume of 885,600 shares, the day-to-cover ratio is currently 4.3 days. Approximately 6.1% of the company’s shares are sold short.
NASDAQ:VCSA shares opened at $7.54 on Tuesday. Vacasa has a 12-month low of $5.40 and a 12-month high of $11.00. The stock’s fifty-day moving average is $7.47.
Vacasa (NASDAQ:VCSA – Get Rating) last released its results on Wednesday, March 16. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks consensus estimate of ($0.28) by $0.22. Analysts predict that Vacasa will post -0.31 EPS for the current year.
A number of analysts have weighed in on the stock recently. Zacks Investment Research downgraded Vacasa shares from a “buy” rating to a “hold” rating in a research report on Saturday, April 2. BTIG Research began covering Vacasa shares in a report on Monday, January 3. They issued a “neutral” rating on the title. Oppenheimer began covering Vacasa shares in a report on Tuesday, January 11. They issued an “outperform” rating and a price target of $12.00 for the company. JMP Securities reaffirmed a “buy” rating and set a price target of $12.00 on Vacasa shares in a Monday, March 28 research note. Finally, JPMorgan Chase & Co. supported Vacasa’s coverage in a Wednesday, February 16, research note. They issued an “overweight” rating and a target price of $10.00 for the company. Four investment analysts gave the stock a hold rating and five gave the stock a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $11.57.
Institutional investors have recently changed their positions in the stock. FourThought Financial LLC purchased a new stake in Vacasa in Q1 worth approximately $32,000. Penserra Capital Management LLC acquired a new equity stake in Vacasa in the fourth quarter valued at approximately $34,000. Wells Fargo & Company MN bought a new equity stake in Vacasa in the fourth quarter worth $54,000. Advisor Group Holdings Inc. acquired a new position in Vacasa during the fourth quarter worth $67,000. Finally, Sciencast Management LP bought a new position in Vacasa in the first quarter worth $136,000. 36.21% of the shares are currently held by institutional investors and hedge funds.
Vacasa Company Profile (Get an evaluation)
Vacasa, Inc operates a vacation rental management platform in North America, Belize and Costa Rica. The company enables customers to search, discover and book its properties on Vacasa.com and the Vacasa Guest app. It also provides vacation home buying and selling services through its network of real estate agents.
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