VSee Health, Inc. (NASDAQ:VSEE) Sees Large Growth in Short Interest

VSee Health, Inc. (NASDAQ:VSEE) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 7,318,494 shares, an increase of 344.2% from the July 15th total of 1,647,591 shares. Approximately 203.3% of the shares of the company are short sold. Based on an average daily trading volume, of 21,913,840 shares, the days-to-cover ratio is currently 0.3 days.

VSee Health Trading Up 47.4%

NASDAQ:VSEE opened at $0.04 on Wednesday. VSee Health has a 12 month low of $0.01 and a 12 month high of $2.52. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.12. The firm’s 50 day moving average is $0.10 and its 200 day moving average is $0.21. The stock has a market capitalization of $133,200.00 and a PE ratio of -0.07.

VSee Health (NASDAQ:VSEE) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06. VSee Health had a negative return on equity of 11,636.34% and a negative net margin of 92.36%.The business had revenue of $3.16 million during the quarter, compared to analyst estimates of $4.80 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in VSee Health stock. Virtu Financial LLC purchased a new position in shares of VSee Health, Inc. (NASDAQ:VSEE) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 66,489 shares of the company’s stock, valued at approximately $25,000. 1.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of VSee Health in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

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.