VS MEDIA Holdings Limited (NASDAQ:VSME – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 89,593 shares, a decrease of 42.2% from the September 30th total of 154,951 shares. Based on an average daily volume of 54,337 shares, the days-to-cover ratio is presently 1.6 days. Currently, 2.0% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered shares of VS MEDIA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, October 26th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on VSME
VS MEDIA Trading Down 8.6%
Shares of NASDAQ:VSME opened at $0.96 on Tuesday. The firm’s 50 day simple moving average is $0.93 and its 200 day simple moving average is $1.20. VS MEDIA has a fifty-two week low of $0.58 and a fifty-two week high of $30.80.
VS MEDIA (NASDAQ:VSME – Get Free Report) last issued its quarterly earnings data on Thursday, October 1st. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $1.68 million for the quarter.
About VS MEDIA
VS MEDIA Holdings Limited (NASDAQ: VSME) is an influencer marketing and digital media company headquartered in Hong Kong. The company connects brands with social media influencers and content creators to develop and execute digital marketing campaigns.
Its services include campaign strategy and management, influencer selection and coordination, content creation, social media promotion, and campaign performance analysis. VS MEDIA also supports influencers through talent management and commercial partnership opportunities, helping creators work with brands across multiple digital platforms.
The company primarily serves brands and advertisers seeking to reach consumers through social media and creator-led content, with operations focused on markets in Asia.
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