Versus Systems Inc. (NASDAQ:VS) Sees Large Decline in Short Interest

Versus Systems Inc. (NASDAQ:VS) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 4,027 shares, a decrease of 63.6% from the August 31st total of 11,076 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 21,041 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Versus Systems from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Versus Systems Stock Down 0.9%

Shares of VS stock opened at $1.07 on Friday. Versus Systems has a 12 month low of $0.75 and a 12 month high of $2.47. The firm has a market cap of $6.65 million, a PE ratio of -3.06 and a beta of 1.36. The stock has a 50 day moving average of $1.26 and a 200-day moving average of $1.25.

Versus Systems (NASDAQ:VS) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($29.07) by $29.17. The company had revenue of $0.01 million during the quarter, compared to analyst estimates of $1.14 million.

Versus Systems Company Profile

Versus Systems Inc developed an audience-engagement and gamification platform designed to connect brands, content providers and consumers through interactive digital experiences. Its technology enabled companies to offer rewards, promotions and other incentives tied to user participation in video games, livestreams, broadcasts and other forms of entertainment.

The company’s products included tools for integrating branded rewards and promotional campaigns into games and digital content, along with software intended to help partners manage offers, engagement programs and user interactions.