Short Interest in Versus Systems Inc. (NASDAQ:VS) Expands By 184.9%

Versus Systems Inc. (NASDAQ:VS) saw a large growth in short interest in July. As of July 15th, there was short interest totalling 107,700 shares, a growth of 184.9% from the June 30th total of 37,800 shares. Based on an average daily trading volume, of 1,170,000 shares, the days-to-cover ratio is currently 0.1 days.

Versus Systems Trading Down 6.9 %

NASDAQ:VS traded down $0.11 on Thursday, hitting $1.48. The stock had a trading volume of 5,724 shares, compared to its average volume of 573,498. The business’s 50-day simple moving average is $1.55 and its two-hundred day simple moving average is $1.82. Versus Systems has a 52-week low of $1.23 and a 52-week high of $20.80.

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

Analyst Ratings Changes

Separately, HC Wainwright lifted their price objective on Versus Systems from $1.50 to $2.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd.

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.