VS MEDIA Holdings Limited (NASDAQ:VSME) Sees Significant Increase in Short Interest

VS MEDIA Holdings Limited (NASDAQ:VSME) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 447,900 shares, an increase of 86.9% from the September 30th total of 239,700 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,860,000 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 1,860,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.9% of the shares of the company are short sold.

Analysts Set New Price Targets

Several research firms recently commented on VSME. Weiss Ratings restated a “sell (e+)” rating on shares of VS MEDIA in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of VS MEDIA to a “hold” rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

VS MEDIA Stock Performance

VSME opened at $0.70 on Friday. VS MEDIA has a twelve month low of $0.51 and a twelve month high of $3.21. The firm’s 50-day moving average price is $2.06 and its 200 day moving average price is $1.38.

About VS MEDIA

VS MEDIA Holdings Limited, an investment holding company, operates a network of digital creators who create and upload content to social media platforms, such as Facebook, YouTube, Instagram, and TikTok. The company was founded in 2013 and is based in Kwun Tong, Hong Kong.