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

VS MEDIA Holdings Limited (NASDAQ:VSME) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 28,300 shares, a drop of 60.8% from the May 15th total of 72,200 shares. Based on an average daily trading volume, of 70,800 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.2% of the company’s shares are short sold.

VS MEDIA Price Performance

Shares of VSME stock opened at $1.10 on Friday. The firm has a 50 day moving average of $0.85 and a 200-day moving average of $1.01. VS MEDIA has a 52 week low of $0.51 and a 52 week high of $3.69.

VS MEDIA Company Profile

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.