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

VS MEDIA Holdings Limited (NASDAQ:VSME) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 828,927 shares, a growth of 1,100.7% from the May 31st total of 69,035 shares. Approximately 30.3% of the company’s shares are short sold. Based on an average daily volume of 34,895,147 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of VS MEDIA in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, VS MEDIA currently has a consensus rating of “Sell”.

VS MEDIA Trading Down 7.3%

Shares of VS MEDIA stock opened at $1.77 on Friday. The firm has a fifty day moving average of $1.23 and a two-hundred day moving average of $1.38. VS MEDIA has a 52 week low of $0.68 and a 52 week high of $64.20.

VS MEDIA (NASDAQ:VSME) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.20 earnings per share (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.