VS MEDIA Holdings Limited (NASDAQ:VSME) Short Interest Down 89.8% in June

VS MEDIA Holdings Limited (NASDAQ:VSME) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 84,228 shares, a decline of 89.8% from the June 15th total of 828,927 shares. Currently, 3.1% of the shares of the company are sold short. Based on an average daily volume of 448,056 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of VS MEDIA in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

VS MEDIA Trading Down 7.7%

VS MEDIA stock traded down $0.13 during midday trading on Friday, reaching $1.55. The stock had a trading volume of 79,243 shares, compared to its average volume of 8,043,699. VS MEDIA has a 12 month low of $0.68 and a 12 month high of $64.20. The firm’s 50-day moving average price is $1.41 and its 200 day moving average price is $1.37.

VS MEDIA (NASDAQ:VSME) last posted its earnings results on Thursday, April 30th. The company reported $0.20 earnings per share for the quarter. The business had revenue of $2.13 million during the quarter.

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.