Vsee Health, Inc. (NASDAQ:VSEE) Sees Large Decrease in Short Interest

Vsee Health, Inc. (NASDAQ:VSEE) was the recipient of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 85,200 shares, a drop of 25.9% from the January 31st total of 115,000 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average daily volume of 2,050,000 shares, the days-to-cover ratio is currently 0.0 days.

Vsee Health Stock Performance

VSEE stock traded up $0.03 during midday trading on Wednesday, reaching $1.28. The company’s stock had a trading volume of 20,012 shares, compared to its average volume of 310,118. The business’s 50-day simple moving average is $1.57 and its 200-day simple moving average is $1.54. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.37 and a quick ratio of 0.37. Vsee Health has a 52 week low of $1.12 and a 52 week high of $33.08.

Analyst Upgrades and Downgrades

Separately, Maxim Group started coverage on shares of Vsee Health in a research report on Monday, February 24th. They set a “buy” rating and a $5.00 target price on the stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Vsee Health stock. Geode Capital Management LLC raised its stake in Vsee Health, Inc. (NASDAQ:VSEE) by 56.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,549 shares of the company’s stock after buying an additional 24,245 shares during the quarter. Geode Capital Management LLC owned 1.87% of Vsee Health worth $92,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 1.01% of the company’s stock.

Vsee Health Company Profile

VSee Health, Inc is a no-code or low-code software as a service (SaaS) platform that enables clinicians and enterprises to create their telehealth workflows without programming. It engages in providing timely, quality healthcare to patients regardless of geographical barriers. The company is headquartered in Boca Raton, FL.