Short Interest in VSee Health, Inc. (NASDAQ:VSEE) Drops By 39.7%

VSee Health, Inc. (NASDAQ:VSEE) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 472,222 shares, a decrease of 39.7% from the April 15th total of 783,682 shares. Based on an average daily volume of 663,120 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On VSee Health

A hedge fund recently bought a new stake in VSee Health stock. Virtu Financial LLC purchased a new stake in VSee Health, Inc. (NASDAQ:VSEE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 66,489 shares of the company’s stock, valued at approximately $25,000. Institutional investors and hedge funds own 1.01% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of VSee Health in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

VSee Health Stock Up 1.8%

VSee Health stock traded up $0.00 during mid-day trading on Tuesday, hitting $0.16. The stock had a trading volume of 468,361 shares, compared to its average volume of 672,630. The stock has a 50-day simple moving average of $0.23 and a two-hundred day simple moving average of $0.41. VSee Health has a 12 month low of $0.15 and a 12 month high of $2.52. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.51 and a quick ratio of 0.51.

VSee Health (NASDAQ:VSEE) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. The firm had revenue of $3.16 million during the quarter, compared to the consensus estimate of $4.80 million.

About VSee Health

VSee Health is a telehealth technology company that develops secure, HIPAA-compliant software solutions for virtual care. The company’s flagship platform offers high-definition video visits, real-time messaging and collaboration tools designed to streamline remote consultations between patients and healthcare providers. VSee’s solutions are built to integrate with electronic health record systems and include features such as digital waiting rooms, screen sharing and file transfer capabilities.

In addition to video conferencing, VSee Health provides remote patient monitoring (RPM) tools that enable clinicians to collect biometric data, such as blood pressure, heart rate and glucose readings, from patients in their homes.