VS MEDIA Holdings Limited (NASDAQ:VSME) Short Interest Update

VS MEDIA Holdings Limited (NASDAQ:VSME) was the recipient of a significant increase in short interest in 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. Approximately 14.6% of the company’s shares are sold short. Based on an average daily trading volume, of 2,826,936 shares, the short-interest ratio is presently 0.1 days.

VS MEDIA Stock Down 2.8%

Shares of VSME opened at $0.81 on Friday. The business’s 50 day moving average is $1.12 and its two-hundred day moving average is $1.20. VS MEDIA has a 52-week low of $0.68 and a 52-week high of $62.00.

Analysts Set New Price Targets

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