VSee Health, Inc. (NASDAQ:VSEE) Sees Significant Increase in Short Interest

VSee Health, Inc. (NASDAQ:VSEE) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 70,300 shares, an increase of 53.5% from the September 15th total of 45,800 shares. Based on an average daily volume of 470,900 shares, the short-interest ratio is presently 0.1 days. Currently, 1.2% of the shares of the stock are sold short. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 470,900 shares, the short-interest ratio is presently 0.1 days.

VSee Health Price Performance

Shares of NASDAQ:VSEE opened at $0.69 on Thursday. The company’s fifty day moving average is $0.69 and its two-hundred day moving average is $1.01. VSee Health has a 12-month low of $0.46 and a 12-month high of $3.54.

VSee Health (NASDAQ:VSEE) last announced its earnings results on Wednesday, October 15th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02). VSee Health had a negative net margin of 461.61% and a negative return on equity of 146.51%. The firm had revenue of $3.39 million for the quarter, compared to analyst estimates of $3.90 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of VSee Health in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Institutional Trading of VSee Health

Large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in VSee Health during the 1st quarter valued at $34,000. Osaic Holdings Inc. grew its holdings in shares of VSee Health by 197.5% during the 2nd quarter. Osaic Holdings Inc. now owns 45,170 shares of the company’s stock valued at $52,000 after acquiring an additional 29,985 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new position in shares of VSee Health during the 1st quarter valued at $723,000. 1.01% of the stock is owned by institutional investors and hedge funds.

About VSee Health

VSee Health, Inc is a no-code or low-code software as a service (SaaS) platform that enables clinicians and enterprises to create their telehealth workflows without programming. It engages in providing timely, quality healthcare to patients regardless of geographical barriers. The company is headquartered in Boca Raton, FL.