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

VS MEDIA Holdings Limited (NASDAQ:VSME) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 1,192,014 shares, an increase of 41.2% from the December 15th total of 844,017 shares. Approximately 2.2% of the company’s stock are sold short. Based on an average daily trading volume, of 3,547,765 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 3,547,765 shares, the days-to-cover ratio is currently 0.3 days. Approximately 2.2% of the company’s stock are sold short.

VS MEDIA Trading Down 0.6%

VSME traded down $0.01 during trading on Friday, hitting $1.66. 170,434 shares of the stock were exchanged, compared to its average volume of 401,173. VS MEDIA has a 1-year low of $1.39 and a 1-year high of $64.20. The stock has a fifty day moving average price of $2.40 and a two-hundred day moving average price of $22.02.

VS MEDIA (NASDAQ:VSME) last issued its quarterly earnings data on Friday, October 31st. The company reported ($1.95) earnings per share (EPS) for the quarter. The business had revenue of $1.63 million for the quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of VS MEDIA to a “sell” rating in a report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of VS MEDIA in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average 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.