Short Interest in VS MEDIA Holdings Limited (NASDAQ:VSME) Decreases By 57.3%

VS MEDIA Holdings Limited (NASDAQ:VSMEGet Free Report) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 25,677 shares, a decline of 57.3% from the July 30th total of 60,173 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 60,624 shares, the short-interest ratio is presently 0.4 days.

VS MEDIA Trading Up 0.9%

NASDAQ:VSME opened at $1.10 on Friday. VS MEDIA has a one year low of $0.68 and a one year high of $64.20. The business’s 50-day simple moving average is $1.42 and its 200 day simple moving average is $1.25.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of VS MEDIA from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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About VS MEDIA

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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.

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