Short Interest in VS MEDIA Holdings Limited (NASDAQ:VSME) Drops By 50.9%

VS MEDIA Holdings Limited (NASDAQ:VSME) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 110,389 shares, a drop of 50.9% from the April 30th total of 224,732 shares. Based on an average daily volume of 158,437 shares, the days-to-cover ratio is presently 0.7 days. Currently, 4.0% of the shares of the company are sold short.

VS MEDIA Price Performance

VS MEDIA stock opened at $0.88 on Monday. VS MEDIA has a 12-month low of $0.68 and a 12-month high of $64.20. The firm has a 50 day moving average of $0.96 and a 200 day moving average of $1.57.

VS MEDIA (NASDAQ:VSME) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.20 earnings per share for the quarter. The firm had revenue of $2.13 million for the quarter.

Analysts Set New Price Targets

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