VS MEDIA Holdings Limited (NASDAQ:VSME) Sees Large Decrease in Short Interest

by · The Markets Daily

VS MEDIA Holdings Limited (NASDAQ:VSME – Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 154,951 shares, a decline of 61.5% from the September 15th total of 402,163 shares. Approximately 5.6% of the shares of the company are sold short. Based on an average daily volume of 1,158,979 shares, the short-interest ratio is presently 0.1 days.

VS MEDIA Stock Up 9.0%

Shares of NASDAQ:VSME opened at $0.85 on Wednesday. The firm’s 50-day simple moving average is $1.03 and its 200-day simple moving average is $1.18. VS MEDIA has a fifty-two week low of $0.68 and a fifty-two week high of $33.40.

VS MEDIA (NASDAQ:VSME – Get Free Report) last issued its quarterly earnings results on Thursday, October 1st. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $1.68 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised VS MEDIA from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, VS MEDIA currently has an average rating of “Sell”.

Read Our Latest Research Report on VSME

VS MEDIA Company Profile

(Get Free Report)

VS MEDIA Holdings Limited (NASDAQ: VSME) is a Hong Kong-based social media marketing company that helps brands engage consumers through digital content and influencer campaigns. The company connects advertisers with social media influencers and creators whose audiences align with specific marketing objectives.

Its services generally include influencer selection and campaign planning, content development, social media distribution, and campaign performance analysis. VS MEDIA’s platform is designed to support collaborations between brands and creators across major social media channels, helping clients build awareness and reach targeted audiences.

Founded in 2013, VS MEDIA has served clients and managed creator relationships in markets including Hong Kong, Singapore and Malaysia.

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