Versus Systems Inc. (NASDAQ:VS) Short Interest Down 75.1% in January

Versus Systems Inc. (NASDAQ:VSGet Free Report) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 39,800 shares, a decline of 75.1% from the January 15th total of 159,600 shares. Based on an average daily trading volume, of 265,900 shares, the days-to-cover ratio is currently 0.1 days.

Versus Systems Stock Performance

Versus Systems stock traded down $0.05 during midday trading on Monday, hitting $2.00. 20,267 shares of the company’s stock were exchanged, compared to its average volume of 123,330. Versus Systems has a 52-week low of $1.88 and a 52-week high of $20.80. The stock has a 50-day moving average price of $2.55 and a two-hundred day moving average price of $3.51. The company has a market cap of $1.34 million, a P/E ratio of -0.02 and a beta of 2.06.

Versus Systems (NASDAQ:VSGet Free Report) last posted its quarterly earnings data on Tuesday, November 14th. The company reported ($2.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.88) by $0.80. Versus Systems had a negative return on equity of 121.77% and a negative net margin of 3,663.96%. The firm had revenue of $0.02 million during the quarter, compared to analysts’ expectations of $0.21 million. As a group, sell-side analysts expect that Versus Systems will post -8.5 earnings per share for the current year.

Hedge Funds Weigh In On Versus Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wasatch Advisors Inc. lifted its stake in shares of Versus Systems by 105.1% in the 1st quarter. Wasatch Advisors Inc. now owns 1,797,011 shares of the company’s stock valued at $2,426,000 after acquiring an additional 920,683 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Versus Systems in the 1st quarter valued at about $253,000. Finally, Peapack Gladstone Financial Corp bought a new stake in shares of Versus Systems in the 1st quarter valued at about $59,000. 1.74% of the stock is currently owned by hedge funds and other institutional investors.

About Versus Systems

(Get Free Report)

Versus Systems Inc develops and operates a business-to-business software platform in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam (FFC) platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, which allows brands, media companies, and advertising agencies to reach out to customers directly on their mobile devices.

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