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

VS MEDIA Holdings Limited (NASDAQ:VSME) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 166,900 shares, an increase of 23.4% from the March 15th total of 135,200 shares. Based on an average trading volume of 1,720,000 shares, the short-interest ratio is currently 0.1 days.

VS MEDIA Stock Performance

VSME stock opened at $0.43 on Friday. The company has a 50-day moving average of $0.42 and a two-hundred day moving average of $0.74. VS MEDIA has a 52-week low of $0.31 and a 52-week high of $8.64.

Hedge Funds Weigh In On VS MEDIA

An institutional investor recently bought a new position in VS MEDIA stock. Citadel Advisors LLC purchased a new position in shares of VS MEDIA Holdings Limited (NASDAQ:VSME) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 141,218 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned about 0.71% of VS MEDIA as of its most recent SEC filing. Hedge funds and other institutional investors own 9.22% of the company’s stock.

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.