VS MEDIA Holdings Limited (NASDAQ:VSME) Sees Large Drop in Short Interest

VS MEDIA Holdings Limited (NASDAQ:VSME) saw a large drop in short interest in 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. Approximately 4.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 158,437 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

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

VS MEDIA Stock Performance

VSME stock traded down $0.03 on Wednesday, reaching $0.84. The company’s stock had a trading volume of 28,412 shares, compared to its average volume of 727,429. The business has a fifty day simple moving average of $0.95 and a two-hundred day simple moving average of $1.57. VS MEDIA has a 12-month low of $0.68 and a 12-month high of $64.20.

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