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

Versus Systems Inc. (NASDAQ:VS – Get Rating) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 58,800 shares, a growth of 36.4% from the March 31st total of 43,100 shares. Based on an average trading volume of 78,000 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the shares of the company are sold short.

Several institutional investors and hedge funds have recently modified their holdings of VS. Citadel Advisors LLC bought a new position in shares of Versus Systems in the 2nd quarter valued at $59,000. Wasatch Advisors Inc. grew its position in Versus Systems by 2.1% during the 3rd quarter. Wasatch Advisors Inc. now owns 876,328 shares of the company’s stock worth $3,225,000 after acquiring an additional 17,821 shares during the last quarter. EMC Capital Management bought a new stake in Versus Systems during the 4th quarter worth $86,000. Renaissance Technologies LLC bought a new stake in Versus Systems during the 4th quarter worth $41,000. Finally, Virtu Financial LLC bought a new stake in Versus Systems during the 4th quarter worth $30,000. Institutional investors own 7.70% of the company’s stock.

Several analysts recently weighed in on VS shares. Zacks Investment Research cut Versus Systems from a “buy” rating to a “hold” rating in a report on Wednesday, January 26th. HC Wainwright dropped their price target on Versus Systems from $3.50 to $2.50 in a report on Friday.

Shares of VS opened at $1.01 on Monday. Versus Systems has a 52-week low of $1.00 and a 52-week high of $9.88. The business’s fifty day moving average is $1.23 and its 200-day moving average is $2.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market cap of $12.38 million, a price-to-earnings ratio of -1.25 and a beta of 2.15.

Versus Systems Company Profile (Get Rating)

Versus Systems Inc develops and operates a business-to-business software platform in the United States and Canada. The company operates eXtreme Engagement Online, a platform that allows live event producers, professional sports franchises, video game publishers and developers, live event producers, and professional sports franchises, as well as other interactive media content creators, to offer in-game prizing and rewards based on the completion of in-content challenges alongside other user engagement tools.

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