Afya Limited (NASDAQ:AFYA – Get Rating) benefited from a sharp drop in short interest in July. As of July 31, there was short interest totaling 602,800 shares, down 11.9% from the July 15 total of 684,300 shares. Approximately 2.0% of the stock’s shares are sold short. Based on an average daily volume of 252,700 shares, the short interest ratio is currently 2.4 days.

Afya stock up 3.1%

Shares of AFYA opened at $12.33 on Monday. The company has a market capitalization of $1.14 billion, a price-earnings ratio of 24.66, a PEG ratio of 0.38 and a beta of 1.14. Afya has a one-year low of $8.73 and a one-year high of $23.24. The company’s fifty-day moving average price is $10.39 and its 200-day moving average price is $12.35. The company has a debt ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.47.

Afya (NASDAQ:AFYA – Get Rating) last announced its quarterly results on Monday, May 23. The company reported earnings per share (EPS) of $0.27 for the quarter, beating consensus analyst estimates of $0.26 by $0.01. The company posted revenue of $108.36 million for the quarter, versus a consensus estimate of $111.84 million. Afya had a net margin of 13.03% and a return on equity of 8.07%. During the same period a year earlier, the company posted EPS of $0.21. Sell-side analysts expect Afya to post EPS of 1.01 for the current fiscal year.

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Major investors have recently changed their positions in the company. Exchange Traded Concepts LLC increased its stake in Afya shares by 93.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,042 shares of the company worth $29,000 after purchasing an additional 988 shares during the period. Quantbot Technologies LP bought a new position in shares of Afya during Q1 worth approximately $30,000. Lazard Asset Management LLC bought a new position in Afya stock during Q1 worth approximately $30,000. Davy Global Fund Management Ltd bought a new position in shares of Afya during the 1st quarter for a value of approximately $147,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Afya during the 2nd quarter for a value of approximately $160,000. 57.03% of the shares are currently held by institutional investors.

Afya Company Profile

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Afya Limited, through its subsidiaries, operates as a medical education group in Brazil. It offers educational products and services, including medical school, medical residency preparatory courses, postgraduate courses and other programs to lifelong enrolled medical learners in its distribution network, as well as to third-party medical schools.

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