VS MEDIA Holdings Limited (NASDAQ:VSME) Short Interest Down 89.8% in June

VS MEDIA Holdings Limited (NASDAQ:VSME) saw 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. Based on an average daily trading volume, of 448,056 shares, the short-interest ratio is presently 0.2 days. Approximately 3.1% of the company’s stock are short sold.

Analysts Set New Price Targets

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

VS MEDIA Stock Down 7.7%

VSME stock traded down $0.13 during mid-day trading on Friday, reaching $1.55. 79,243 shares of the stock traded hands, compared to its average volume of 3,678,478. VS MEDIA has a 52 week low of $0.68 and a 52 week high of $64.20. The business has a 50-day moving average of $1.39 and a two-hundred day moving average of $1.37.

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

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.