Short Interest in Versus Systems Inc. (NASDAQ:VS) Expands By 101.1%

Versus Systems Inc. (NASDAQ:VS) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 17,900 shares, an increase of 101.1% from the May 15th total of 8,900 shares. Based on an average daily trading volume, of 24,300 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.8% of the company’s stock are sold short.

Versus Systems Trading Down 3.6%

NASDAQ:VS opened at $2.16 on Friday. The firm has a market capitalization of $10.59 million, a PE ratio of -1.79 and a beta of 1.52. The stock has a 50 day moving average of $2.04 and a 200-day moving average of $2.08. Versus Systems has a 52 week low of $1.00 and a 52 week high of $9.59.

Versus Systems (NASDAQ:VS) last posted its earnings results on Thursday, May 15th. The company reported ($0.20) EPS for the quarter. The company had revenue of $0.20 million for the quarter. Versus Systems had a negative net margin of 9,635.29% and a negative return on equity of 330.10%.

Hedge Funds Weigh In On Versus Systems

An institutional investor recently bought a new position in Versus Systems stock. Renaissance Technologies LLC acquired a new position in shares of Versus Systems Inc. (NASDAQ:VS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 120,600 shares of the company’s stock, valued at approximately $265,000. Renaissance Technologies LLC owned 4.39% of Versus Systems at the end of the most recent quarter. Hedge funds and other institutional investors own 60.72% of the company’s stock.

Versus Systems Company Profile

Versus Systems Inc develops and operates a business-to-business software platform in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam (FFC) platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, which allows brands, media companies, and advertising agencies to reach out to customers directly on their mobile devices.