VSee Health, Inc. (NASDAQ:VSEE) Short Interest Up 129.3% in May

VSee Health, Inc. (NASDAQ:VSEE) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,936,650 shares, a growth of 129.3% from the May 14th total of 844,732 shares. Based on an average trading volume of 6,735,851 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On VSee Health

An institutional investor recently bought a new position in VSee Health stock. Virtu Financial LLC purchased a new stake in VSee Health, Inc. (NASDAQ:VSEE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 66,489 shares of the company’s stock, valued at approximately $25,000. Institutional investors own 1.01% of the company’s stock.

VSee Health Stock Down 9.0%

Shares of VSEE stock opened at $0.14 on Friday. VSee Health has a 1 year low of $0.14 and a 1 year high of $2.52. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $0.19 and a 200 day simple moving average of $0.32.

VSee Health (NASDAQ:VSEE) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. The firm had revenue of $3.16 million for the quarter, compared to the consensus estimate of $4.80 million. VSee Health had a negative net margin of 92.36% and a negative return on equity of 11,636.34%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of VSee Health in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, VSee Health presently has a consensus rating of “Sell”.

VSee Health Company Profile

VSee Health is a telehealth technology company that develops secure, HIPAA-compliant software solutions for virtual care. The company’s flagship platform offers high-definition video visits, real-time messaging and collaboration tools designed to streamline remote consultations between patients and healthcare providers. VSee’s solutions are built to integrate with electronic health record systems and include features such as digital waiting rooms, screen sharing and file transfer capabilities.

In addition to video conferencing, VSee Health provides remote patient monitoring (RPM) tools that enable clinicians to collect biometric data, such as blood pressure, heart rate and glucose readings, from patients in their homes.