VSee Health, Inc. (NASDAQ:VSEE) Short Interest Up 129.3% in May

VSee Health, Inc. (NASDAQ:VSEE) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,936,650 shares, a growth of 129.3% from the May 14th total of 844,732 shares. Based on an average daily trading volume, of 6,735,851 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of VSee Health in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, VSee Health has a consensus rating of “Sell”.

VSee Health Price Performance

VSee Health stock opened at $0.14 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.12. VSee Health has a 12 month low of $0.14 and a 12 month high of $2.52. The stock has a 50-day moving average price of $0.19 and a two-hundred day moving average price of $0.32.

VSee Health (NASDAQ:VSEE) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The firm had revenue of $3.16 million for the quarter, compared to analyst estimates of $4.80 million. VSee Health had a negative return on equity of 11,636.34% and a negative net margin of 92.36%.

Institutional Investors Weigh In On VSee Health

An institutional investor recently raised its position in VSee Health stock. Osaic Holdings Inc. boosted its holdings in shares of VSee Health, Inc. (NASDAQ:VSEE) by 197.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,170 shares of the company’s stock after acquiring an additional 29,985 shares during the quarter. Osaic Holdings Inc. owned 1.25% of VSee Health worth $52,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.01% of the company’s stock.

About VSee Health

VSee Health is a telehealth technology company that develops secure, HIPAA-compliant software solutions for virtual care. The company’s flagship platform offers high-definition video visits, real-time messaging and collaboration tools designed to streamline remote consultations between patients and healthcare providers. VSee’s solutions are built to integrate with electronic health record systems and include features such as digital waiting rooms, screen sharing and file transfer capabilities.

In addition to video conferencing, VSee Health provides remote patient monitoring (RPM) tools that enable clinicians to collect biometric data, such as blood pressure, heart rate and glucose readings, from patients in their homes.