VS MEDIA Holdings Limited (NASDAQ:VSME) Short Interest Down 37.5% in May

VS MEDIA Holdings Limited (NASDAQ:VSME) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 69,035 shares, a decline of 37.5% from the May 14th total of 110,389 shares. Based on an average daily volume of 129,312 shares, the short-interest ratio is currently 0.5 days. Approximately 2.5% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

VS MEDIA Price Performance

Shares of VSME opened at $1.69 on Monday. The stock’s 50-day simple moving average is $0.96 and its 200 day simple moving average is $1.40. VS MEDIA has a 52-week low of $0.68 and a 52-week high of $64.20.

VS MEDIA (NASDAQ:VSME) last issued 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.

About VS MEDIA

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.