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 decrease in short interest in May. As of May 29th, there was short interest totaling 69,035 shares, a decrease of 37.5% from the May 14th total of 110,389 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average trading volume of 129,312 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

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

VS MEDIA Stock Performance

VSME stock opened at $2.75 on Wednesday. The firm has a 50 day moving average of $1.04 and a 200-day moving average of $1.42. VS MEDIA has a 12 month low of $0.68 and a 12 month high of $64.20.

VS MEDIA (NASDAQ:VSME) last released its earnings results on Thursday, April 30th. The company reported $0.20 EPS for the quarter. The business had revenue of $2.13 million for the quarter.

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.