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

VS MEDIA Holdings Limited (NASDAQ:VSME) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 25,677 shares, a decline of 57.3% from the July 30th total of 60,173 shares. Based on an average trading volume of 60,624 shares, the short-interest ratio is currently 0.4 days. Currently, 0.9% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of VS MEDIA from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, VS MEDIA presently has a consensus rating of “Sell”.

VS MEDIA Price Performance

NASDAQ VSME opened at $1.10 on Monday. The business has a 50 day simple moving average of $1.42 and a 200 day simple moving average of $1.25. VS MEDIA has a 52-week low of $0.68 and a 52-week high of $64.20.

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.