VS MEDIA Holdings Limited (NASDAQ:VSME) Shares Shorted: Short Interest Up 2,072.8% in September

VS MEDIA Holdings Limited (NASDAQ:VSME) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 402,163 shares, a growth of 2,072.8% from the August 31st total of 18,509 shares. Approximately 14.6% of the company’s shares are sold short. Based on an average daily trading volume, of 2,826,936 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded VS MEDIA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

VS MEDIA Price Performance

Shares of VS MEDIA stock traded down $0.02 during trading on Thursday, hitting $0.81. 28,935 shares of the stock were exchanged, compared to its average volume of 2,792,781. The firm’s 50-day moving average price is $1.12 and its 200 day moving average price is $1.20. VS MEDIA has a 12-month low of $0.68 and a 12-month high of $62.00.

About VS MEDIA

VS MEDIA (NASDAQ: VSME) is a digital marketing and influencer management company that connects brands with social media creators. Through its technology-enabled platform, the company helps businesses identify suitable influencers and develop campaigns designed to reach targeted audiences through branded content and social media channels.

VS MEDIA’s services include influencer selection, campaign planning, content creation, campaign execution and performance analysis. The platform also supports creators by providing opportunities to collaborate with brands and monetize their online audiences.

The company serves clients and creators primarily across Greater China and Southeast Asia, including markets such as Hong Kong and Singapore.