Vacasa, Inc. (NASDAQ:VCSA) Short Interest Up 25.7% in April

Vacasa, Inc. (NASDAQ:VCSAGet Rating) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 3,810,000 shares, a growth of 25.7% from the March 31st total of 3,030,000 shares. Based on an average daily trading volume, of 885,600 shares, the days-to-cover ratio is presently 4.3 days. Approximately 6.1% of the company’s shares are short sold.

Shares of NASDAQ:VCSA 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:VCSAGet Rating) last released its earnings results on Wednesday, March 16th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping 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 recently weighed in on the stock. Zacks Investment Research downgraded shares of Vacasa from a “buy” rating to a “hold” rating in a research report on Saturday, April 2nd. BTIG Research began coverage on shares of Vacasa in a report on Monday, January 3rd. They issued a “neutral” rating on the stock. Oppenheimer began coverage on shares of Vacasa in a report on Tuesday, January 11th. They issued an “outperform” rating and a $12.00 price target for the company. JMP Securities reaffirmed a “buy” rating and set a $12.00 price objective on shares of Vacasa in a research note on Monday, March 28th. Finally, JPMorgan Chase & Co. assumed coverage on Vacasa in a research note on Wednesday, February 16th. They issued an “overweight” rating and a $10.00 target price for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $11.57.

Institutional investors have recently made changes to their positions in the stock. FourThought Financial LLC bought a new stake in Vacasa in the 1st quarter valued at approximately $32,000. Penserra Capital Management LLC acquired a new stake in shares of Vacasa in the fourth quarter valued at approximately $34,000. Wells Fargo & Company MN bought a new stake in shares of 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 valued at $136,000. 36.21% of the stock is currently owned by institutional investors and hedge funds.

Vacasa Company Profile (Get Rating)

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 and the Vacasa Guest App. It also provides services to buy and sell vacation homes through its network of real estate agents.

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