Short Interest in Versus Systems Inc. (NASDAQ:VS) Expands By 642.1%

Versus Systems Inc. (NASDAQ:VS) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 126,900 shares, an increase of 642.1% from the May 31st total of 17,100 shares. Based on an average trading volume of 201,100 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

Separately, HC Wainwright cut their target price on Versus Systems from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Thursday, May 23rd.

Versus Systems Stock Performance

VS opened at $1.37 on Friday. Versus Systems has a 52 week low of $1.23 and a 52 week high of $20.80. The business has a fifty day simple moving average of $1.43 and a 200-day simple moving average of $1.97.

Versus Systems (NASDAQ:VS) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.49) by ($0.04). Versus Systems had a negative return on equity of 204.20% and a negative net margin of 7,480.35%. The firm had revenue of $0.03 million for the quarter, compared to analysts’ expectations of $0.01 million. On average, equities analysts forecast that Versus Systems will post -2.27 EPS for the current year.

Versus Systems Company Profile

Versus Systems Inc develops and operates a business-to-business software platform in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam (FFC) platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, which allows brands, media companies, and advertising agencies to reach out to customers directly on their mobile devices.