VIQ Solutions Inc. (NASDAQ:VQS) Sees Significant Drop in Short Interest

VIQ Solutions Inc. (NASDAQ:VQS – Get Rating) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 22,000 shares, a decrease of 48.7% from the April 30th total of 42,900 shares. Based on an average daily volume of 75,900 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

VIQ Solutions Stock Performance

VQS stock remained flat at $0.23 during mid-day trading on Friday. 12,585 shares of the company’s stock traded hands, compared to its average volume of 141,195. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.68. The company has a market cap of $7.97 million, a price-to-earnings ratio of -0.68 and a beta of -0.14. The business has a fifty day simple moving average of $0.31 and a 200 day simple moving average of $0.32. VIQ Solutions has a 52-week low of $0.18 and a 52-week high of $1.71.

Analyst Ratings Changes

A number of brokerages recently issued reports on VQS. HC Wainwright restated a “buy” rating and set a $1.00 price objective on shares of VIQ Solutions in a report on Friday, March 31st. Alliance Global Partners decreased their price objective on shares of VIQ Solutions from $2.00 to $1.25 and set a “buy” rating for the company in a report on Thursday, March 30th.

Hedge Funds Weigh In On VIQ Solutions

A number of large investors have recently added to or reduced their stakes in VQS. Citadel Advisors LLC acquired a new position in VIQ Solutions during the 3rd quarter worth approximately $27,000. Parallel Advisors LLC bought a new stake in VIQ Solutions during the 1st quarter worth about $126,000. Finally, Armistice Capital LLC bought a new stake in VIQ Solutions during the 3rd quarter worth about $800,000. Institutional investors own 17.40% of the company’s stock.

VIQ Solutions Company Profile

(Get Rating)

VIQ Solutions, Inc engages in the provision of artificial intelligence driven digital voice and video capture technology and transcription solutions. Its solutions include CapturePro, MobileMic Pro, NetScribe, and aiAssist, FirstDraft and Lexel. The firm serves the law enforcement, legal, insurance, media, corporate, and government clients.