VS MEDIA Holdings Limited (NASDAQ:VSME) Short Interest Up 33.2% in January

VS MEDIA Holdings Limited (NASDAQ:VSME) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 115,508 shares, an increase of 33.2% from the January 15th total of 86,701 shares. Approximately 4.2% of the shares of the company are sold short. Based on an average trading volume of 249,014 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 249,014 shares, the short-interest ratio is presently 0.5 days. Approximately 4.2% of the shares of the company are sold short.

VS MEDIA Stock Performance

NASDAQ:VSME traded down $0.09 during midday trading on Tuesday, reaching $1.32. The stock had a trading volume of 31,504 shares, compared to its average volume of 412,265. The firm has a fifty day simple moving average of $1.68 and a two-hundred day simple moving average of $19.01. VS MEDIA has a 12-month low of $1.02 and a 12-month high of $64.20.

VS MEDIA (NASDAQ:VSME) last released its earnings results on Friday, October 31st. The company reported ($1.95) EPS for the quarter. The firm had revenue of $1.63 million for the quarter.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of VS MEDIA to a “sell” rating in a research note on Saturday, January 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of VS MEDIA in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

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.