VS MEDIA Holdings Limited (NASDAQ:VSME) Sees Large Drop in Short Interest

VS MEDIA Holdings Limited (NASDAQ:VSME – Get Free Report) was the recipient of a significant decline in short interest in 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 daily trading volume, of 60,624 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.9% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

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VS MEDIA Stock Performance

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

About VS MEDIA

(Get Free Report)

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.

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