Short Interest in VSee Health, Inc. (NASDAQ:VSEE) Drops By 28.1%

VSee Health, Inc. (NASDAQ:VSEE) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 1,007,281 shares, a decrease of 28.1% from the March 15th total of 1,401,375 shares. Based on an average trading volume of 362,158 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Investors Weigh In On VSee Health

Hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its holdings in VSee Health by 197.5% during the 2nd quarter. Osaic Holdings Inc. now owns 45,170 shares of the company’s stock worth $52,000 after buying an additional 29,985 shares in the last quarter. Virtu Financial LLC acquired a new stake in VSee Health during the 4th quarter worth approximately $25,000. Finally, HB Wealth Management LLC acquired a new stake in VSee Health during the 3rd quarter worth approximately $368,000. 1.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of VSee Health in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

VSee Health Stock Up 2.2%

VSee Health stock opened at $0.24 on Wednesday. VSee Health has a 52-week low of $0.19 and a 52-week high of $2.52. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $0.29 and its two-hundred day moving average is $0.48.

VSee Health (NASDAQ:VSEE) last released its earnings results on Tuesday, March 31st. The company reported ($0.31) earnings per share (EPS) for the quarter. The business had revenue of $3.93 million for the quarter.

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.