Short Interest in VSee Health, Inc. (NASDAQ:VSEE) Expands By 78.9%

VSee Health, Inc. (NASDAQ:VSEE) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 844,732 shares, a growth of 78.9% from the April 30th total of 472,222 shares. Based on an average daily volume of 593,410 shares, the days-to-cover ratio is presently 1.4 days. Approximately 23.5% of the shares of the stock are sold short.

VSee Health Price Performance

VSEE traded down $0.01 during trading hours on Wednesday, hitting $0.17. The company’s stock had a trading volume of 1,255,345 shares, compared to its average volume of 1,219,695. The business’s 50-day moving average price is $0.21 and its 200-day moving average price is $0.35. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.12. VSee Health has a 12 month low of $0.15 and a 12 month high of $2.52.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of VSee Health in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On VSee Health

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

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.