Versus Systems Inc. (NASDAQ:VS) Sees Significant Decline in Short Interest

Versus Systems Inc. (NASDAQ:VS) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 20,900 shares, a decrease of 52.3% from the February 28th total of 43,800 shares. Based on an average trading volume of 1,140,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.0% of the shares of the stock are short sold.

Versus Systems Stock Down 9.0 %

Shares of VS stock opened at $2.12 on Friday. The stock has a 50 day simple moving average of $2.19 and a 200-day simple moving average of $1.95. Versus Systems has a 1-year low of $1.00 and a 1-year high of $9.59.

Hedge Funds Weigh In On Versus Systems

A hedge fund recently bought a new stake in Versus Systems stock. Renaissance Technologies LLC bought a new stake in shares of Versus Systems Inc. (NASDAQ:VS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 120,600 shares of the company’s stock, valued at approximately $265,000. Renaissance Technologies LLC owned about 4.39% of Versus Systems at the end of the most recent reporting period. 60.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “neutral” rating and issued a $2.00 price target on shares of Versus Systems in a research note on Wednesday, December 11th.

Versus Systems Company Profile

Versus Systems Inc develops and operates a business-to-business software platform in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam (FFC) platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, which allows brands, media companies, and advertising agencies to reach out to customers directly on their mobile devices.