Short Interest in VS MEDIA Holdings Limited (NASDAQ:VSME) Drops By 50.9%

VS MEDIA Holdings Limited (NASDAQ:VSME) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 110,389 shares, a drop of 50.9% from the April 30th total of 224,732 shares. Based on an average daily volume of 158,437 shares, the days-to-cover ratio is currently 0.7 days. Approximately 4.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of VS MEDIA in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

VS MEDIA Trading Down 2.6%

VS MEDIA stock traded down $0.02 during mid-day trading on Tuesday, hitting $0.87. The company’s stock had a trading volume of 51,029 shares, compared to its average volume of 118,548. VS MEDIA has a 1 year low of $0.68 and a 1 year high of $64.20. The stock’s fifty day moving average is $0.95 and its two-hundred day moving average is $1.57.

VS MEDIA (NASDAQ:VSME) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.20 EPS for the quarter. The firm had revenue of $2.13 million for the quarter.

VS MEDIA Company Profile

VS MEDIA Holdings Limited, an investment holding company, operates a network of digital creators who create and upload content to social media platforms, such as Facebook, YouTube, Instagram, and TikTok. The company was founded in 2013 and is based in Kwun Tong, Hong Kong.