Afya Limited (NASDAQ:AFYA) Short Interest Update

Afya Limited (NASDAQ:AFYA) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,240,000 shares, a growth of 8.8% from the December 15th total of 1,140,000 shares. Currently, 9.2% of the company’s stock are short sold. Based on an average daily trading volume, of 119,500 shares, the short-interest ratio is currently 10.4 days.

Institutional Trading of Afya

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lifestyle Asset Management Inc. increased its stake in shares of Afya by 5.5% in the fourth quarter. Lifestyle Asset Management Inc. now owns 17,682 shares of the company’s stock valued at $281,000 after purchasing an additional 929 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Afya during the third quarter valued at about $34,000. State Street Corp boosted its holdings in shares of Afya by 118.2% in the third quarter. State Street Corp now owns 73,098 shares of the company’s stock valued at $1,248,000 after acquiring an additional 39,592 shares in the last quarter. Quarry LP bought a new stake in shares of Afya in the 3rd quarter worth $75,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Afya during the 3rd quarter valued at about $842,000. 88.02% of the stock is currently owned by institutional investors and hedge funds.

Afya Trading Up 0.6 %

AFYA opened at $15.74 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a 50 day moving average price of $15.92 and a 200 day moving average price of $16.74. Afya has a 1 year low of $14.52 and a 1 year high of $22.48.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. The Goldman Sachs Group started coverage on shares of Afya in a research report on Tuesday, December 3rd. They set a “sell” rating and a $16.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on shares of Afya from $25.00 to $20.50 and set a “neutral” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.60.

About Afya

Afya Limited, through its subsidiaries, operates as a medical education group in Brazil. The company operates through three segments: Undergrad, Continuing Education, and Digital Services. It offers educational products and services, including medical schools, medical residency preparatory courses, graduate courses, and other programs to lifelong medical learners enrolled across its distribution network, as well as to third-party medical schools.