VS MEDIA Holdings Limited (NASDAQ:VSME) Short Interest Up 33.2% in January

VS MEDIA Holdings Limited (NASDAQ:VSME) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 115,508 shares, a growth of 33.2% from the January 15th total of 86,701 shares. Based on an average daily volume of 249,014 shares, the days-to-cover ratio is currently 0.5 days. Approximately 4.2% of the shares of the stock are sold short. Approximately 4.2% of the shares of the stock are sold short. Based on an average daily volume of 249,014 shares, the days-to-cover ratio is currently 0.5 days.

VS MEDIA Stock Down 5.4%

VS MEDIA stock opened at $1.41 on Monday. VS MEDIA has a 52-week low of $1.02 and a 52-week high of $64.20. The firm’s fifty day moving average is $1.69 and its 200 day moving average is $19.19.

VS MEDIA (NASDAQ:VSME) last posted its earnings results on Friday, October 31st. The company reported ($1.95) earnings per share for the quarter. The firm had revenue of $1.63 million for the quarter.

Analysts Set New Price Targets

A number of brokerages have issued reports on VSME. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of VS MEDIA in a report on Monday, December 29th. Wall Street Zen raised shares of VS MEDIA to a “sell” rating in a research note on Saturday, January 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

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.