Versus Systems Inc. (NASDAQ:VS) Sees Significant Increase in Short Interest

Versus Systems Inc. (NASDAQ:VS) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 126,900 shares, a growth of 642.1% from the May 31st total of 17,100 shares. Based on an average daily volume of 201,100 shares, the short-interest ratio is currently 0.6 days.

Versus Systems Stock Performance

NASDAQ:VS traded down $0.08 during mid-day trading on Friday, reaching $1.29. The stock had a trading volume of 27,399 shares, compared to its average volume of 591,107. Versus Systems has a one year low of $1.23 and a one year high of $20.80. The firm has a 50 day moving average price of $1.43 and a two-hundred day moving average price of $1.96.

Versus Systems (NASDAQ:VS) last released its earnings results on Wednesday, May 15th. The company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $0.03 million during the quarter, compared to analysts’ expectations of $0.01 million. On average, sell-side analysts predict that Versus Systems will post -2.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, HC Wainwright cut their target price on shares of 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 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.