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

VS MEDIA Holdings Limited (NASDAQ:VSME) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 84,228 shares, a decline of 89.8% from the June 15th total of 828,927 shares. Currently, 3.1% of the company’s stock are sold short. Based on an average daily trading volume, of 448,056 shares, the days-to-cover ratio is currently 0.2 days.

VS MEDIA Stock Down 7.7%

Shares of VSME stock traded down $0.13 during midday trading on Friday, reaching $1.55. 79,243 shares of the company were exchanged, compared to its average volume of 3,678,478. The company’s 50 day moving average price is $1.39 and its two-hundred day moving average price is $1.37. 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 quarterly earnings data on Thursday, April 30th. The company reported $0.20 EPS for the quarter. The company had revenue of $2.13 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of VS MEDIA in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, VS MEDIA 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.