Versus Systems Inc. (NASDAQ:VS) Short Interest Down 84.5% in March

Versus Systems Inc. (NASDAQ:VS) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 5,400 shares, a drop of 84.5% from the February 29th total of 34,900 shares. Based on an average daily trading volume, of 126,700 shares, the short-interest ratio is currently 0.0 days.

Versus Systems Trading Down 0.5 %

NASDAQ VS opened at $2.05 on Thursday. The firm has a market cap of $1.37 million, a price-to-earnings ratio of -0.02 and a beta of 2.04. The company has a 50 day moving average of $2.15 and a 200-day moving average of $2.80. Versus Systems has a 1-year low of $1.88 and a 1-year high of $20.80.

Institutional Trading of Versus Systems

Several hedge funds have recently modified their holdings of the company. Peapack Gladstone Financial Corp bought a new stake in shares of Versus Systems during the first quarter valued at approximately $59,000. Verition Fund Management LLC bought a new stake in shares of Versus Systems during the first quarter valued at approximately $253,000. Finally, Wasatch Advisors Inc. grew its stake in shares of Versus Systems by 105.1% during the first quarter. Wasatch Advisors Inc. now owns 1,797,011 shares of the company’s stock valued at $2,426,000 after purchasing an additional 920,683 shares during the last quarter. Institutional investors and hedge funds own 60.72% of the company’s stock.

About Versus Systems

Versus Systems Inc develops and operates a business-to-business software platform in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam (FFC) platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, which allows brands, media companies, and advertising agencies to reach out to customers directly on their mobile devices.