Versus Systems Inc. (NASDAQ:VS) Short Interest Down 23.2% in October

Versus Systems Inc. (NASDAQ:VS) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 52,200 shares, a drop of 23.2% from the September 30th total of 68,000 shares. Based on an average daily volume of 2,010,000 shares, the short-interest ratio is currently 0.0 days.

Versus Systems Stock Down 8.0 %

Shares of VS traded down $0.21 during trading hours on Friday, reaching $2.43. 129,554 shares of the company traded hands, compared to its average volume of 1,025,564. The stock’s fifty day moving average is $1.57 and its 200 day moving average is $1.52. Versus Systems has a 1-year low of $1.00 and a 1-year high of $9.59.

Versus Systems (NASDAQ:VS) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.04). The business had revenue of $0.03 million for the quarter, compared to analyst estimates of $0.05 million. Versus Systems had a negative return on equity of 255.40% and a negative net margin of 8,703.52%. On average, equities research analysts expect that Versus Systems will post -2.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted their price target on Versus Systems from $1.50 to $3.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

About Versus Systems

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.