Short Interest in VSee Health, Inc. (NASDAQ:VSEE) Expands By 78.9%

VSee Health, Inc. (NASDAQ:VSEE) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 844,732 shares, an increase of 78.9% from the April 30th total of 472,222 shares. Based on an average daily volume of 593,410 shares, the days-to-cover ratio is presently 1.4 days. Approximately 23.5% of the company’s shares are short sold.

VSee Health Trading Down 6.1%

VSee Health stock opened at $0.18 on Tuesday. The stock has a 50-day moving average price of $0.21 and a 200 day moving average price of $0.35. The company has a market capitalization of $640,800.00 and a price-to-earnings ratio of -0.33. VSee Health has a 52 week low of $0.15 and a 52 week high of $2.52. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.12.

VSee Health (NASDAQ:VSEE) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. The business had revenue of $3.16 million during the quarter, compared to analysts’ expectations of $4.80 million. VSee Health had a negative return on equity of 11,636.34% and a negative net margin of 92.36%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VSee Health stock. Virtu Financial LLC purchased a new stake in shares of VSee Health, Inc. (NASDAQ:VSEE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 66,489 shares of the company’s stock, valued at approximately $25,000. 1.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of VSee Health in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, VSee Health has an average rating of “Sell”.

About VSee Health

VSee Health is a telehealth technology company that develops secure, HIPAA-compliant software solutions for virtual care. The company’s flagship platform offers high-definition video visits, real-time messaging and collaboration tools designed to streamline remote consultations between patients and healthcare providers. VSee’s solutions are built to integrate with electronic health record systems and include features such as digital waiting rooms, screen sharing and file transfer capabilities.

In addition to video conferencing, VSee Health provides remote patient monitoring (RPM) tools that enable clinicians to collect biometric data, such as blood pressure, heart rate and glucose readings, from patients in their homes.