VSee Health, Inc. (NASDAQ:VSEE) Short Interest Update

VSee Health, Inc. (NASDAQ:VSEE) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 1,048,440 shares, a decline of 45.9% from the May 31st total of 1,936,650 shares. Based on an average trading volume of 1,741,369 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On VSee Health

A hedge fund recently bought a new stake in VSee Health stock. Virtu Financial LLC bought a new stake in shares of VSee Health, Inc. (NASDAQ:VSEE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 66,489 shares of the company’s stock, valued at approximately $25,000. Hedge funds and other institutional investors own 1.01% of the company’s stock.

VSee Health Stock Performance

Shares of VSEE stock traded down $0.01 during midday trading on Thursday, reaching $0.11. 686,394 shares of the stock were exchanged, compared to its average volume of 1,354,642. VSee Health has a 1 year low of $0.10 and a 1 year high of $2.52. The company’s 50 day moving average is $0.16 and its two-hundred day moving average is $0.28. 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 released its earnings results on Friday, May 15th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. VSee Health had a negative return on equity of 11,636.34% and a negative net margin of 92.36%.The company had revenue of $3.16 million during the quarter, compared to analysts’ expectations of $4.80 million.

Analysts Set New Price Targets

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

VSee Health Company Profile

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.