Short Interest in VS MEDIA Holdings Limited (NASDAQ:VSME) Expands By 1,100.7%

VS MEDIA Holdings Limited (NASDAQ:VSME) was the recipient of a large growth in short interest in 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 trading volume of 34,895,147 shares, the short-interest ratio is currently 0.0 days.

VS MEDIA Price Performance

NASDAQ:VSME opened at $1.69 on Friday. VS MEDIA has a 12 month low of $0.68 and a 12 month high of $64.20. The business’s 50-day moving average is $1.24 and its two-hundred day moving average is $1.37.

VS MEDIA (NASDAQ:VSME) last released its quarterly earnings results 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 reiterated a “sell (e+)” rating on shares of VS MEDIA in a research report on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

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.