VS MEDIA Holdings Limited (NASDAQ:VSME) Sees Significant Decline in Short Interest

VS MEDIA Holdings Limited (NASDAQ:VSME) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 86,701 shares, a drop of 92.7% from the December 31st total of 1,192,014 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average trading volume of 680,266 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 680,266 shares, the short-interest ratio is presently 0.1 days. Currently, 3.2% of the shares of the stock are sold short.

VS MEDIA Stock Down 10.8%

Shares of VS MEDIA stock opened at $1.74 on Thursday. The firm’s 50-day moving average price is $2.03 and its two-hundred day moving average price is $20.95. VS MEDIA has a 1-year low of $1.39 and a 1-year high of $64.20.

VS MEDIA (NASDAQ:VSME) last posted its earnings results on Friday, October 31st. The company reported ($1.95) earnings per share (EPS) for the quarter. The firm had revenue of $1.63 million for the quarter.

Analyst Ratings Changes

A number of research firms recently weighed in on VSME. Wall Street Zen raised shares of VS MEDIA to a “sell” rating in a research note on Saturday, January 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of VS MEDIA in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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.