VS MEDIA Holdings Limited (NASDAQ:VSME) Short Interest Down 57.3% in August

VS MEDIA Holdings Limited (NASDAQ:VSME) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 25,677 shares, a decline of 57.3% from the July 30th total of 60,173 shares. Based on an average trading volume of 60,624 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.9% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings raised VS MEDIA from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, VS MEDIA presently has a consensus rating of “Sell”.

VS MEDIA Stock Performance

Shares of VSME opened at $1.10 on Friday. VS MEDIA has a 12 month low of $0.68 and a 12 month high of $64.20. The stock has a fifty day moving average price of $1.42 and a 200 day moving average price of $1.25.

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.