VS MEDIA Holdings Limited (NASDAQ:VSME) Short Interest Up 127.4% in April

VS MEDIA Holdings Limited (NASDAQ:VSME) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 224,732 shares, a growth of 127.4% from the April 15th total of 98,838 shares. Currently, 8.2% of the shares of the company are sold short. Based on an average trading volume of 1,321,714 shares, the days-to-cover ratio is presently 0.2 days.

VS MEDIA Price Performance

Shares of VS MEDIA stock opened at $0.89 on Friday. VS MEDIA has a 12-month low of $0.68 and a 12-month high of $64.20. The company’s 50-day moving average price is $1.00 and its 200-day moving average price is $2.99.

VS MEDIA (NASDAQ:VSME) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $2.13 million during the quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wall Street Zen upgraded VS MEDIA to a “sell” rating in a research note on Saturday, January 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of VS MEDIA in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

VS MEDIA Company Profile

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.