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

VS MEDIA Holdings Limited (NASDAQ:VSME) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 402,163 shares, an increase of 2,072.8% from the August 31st total of 18,509 shares. Currently, 14.6% of the company’s stock are short sold. Based on an average daily volume of 2,826,936 shares, the days-to-cover ratio is presently 0.1 days.

VS MEDIA Price Performance

NASDAQ:VSME traded down $0.02 during midday trading on Thursday, hitting $0.81. 28,935 shares of the company were exchanged, compared to its average volume of 2,792,781. The company has a fifty day simple moving average of $1.12 and a 200 day simple moving average of $1.20. VS MEDIA has a fifty-two week low of $0.68 and a fifty-two week high of $62.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of VS MEDIA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

VS MEDIA Company Profile

VS MEDIA (NASDAQ: VSME) is a digital marketing and influencer management company that connects brands with social media creators. Through its technology-enabled platform, the company helps businesses identify suitable influencers and develop campaigns designed to reach targeted audiences through branded content and social media channels.

VS MEDIA’s services include influencer selection, campaign planning, content creation, campaign execution and performance analysis. The platform also supports creators by providing opportunities to collaborate with brands and monetize their online audiences.

The company serves clients and creators primarily across Greater China and Southeast Asia, including markets such as Hong Kong and Singapore.