VS MEDIA Holdings Limited (NASDAQ:VSME) Shares Shorted: Short Interest Up 2,072.8% in September

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded VS MEDIA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, VS MEDIA presently has a consensus rating of “Sell”.

VS MEDIA Price Performance

NASDAQ:VSME opened at $1.00 on Friday. VS MEDIA has a fifty-two week low of $0.68 and a fifty-two week high of $62.00. The business has a 50 day moving average price of $1.12 and a 200-day moving average price of $1.20.

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.