Versus Systems Inc. (NASDAQ:VS) Shares Shorted: Short Interest Down 63.6% in September

Versus Systems Inc. (NASDAQ:VS) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 4,027 shares, a decline of 63.6% from the August 31st total of 11,076 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 21,041 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Versus Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Versus Systems Stock Down 0.9%

NASDAQ VS opened at $1.07 on Friday. The stock has a market capitalization of $6.65 million, a PE ratio of -3.06 and a beta of 1.36. Versus Systems has a 12-month low of $0.75 and a 12-month high of $2.47. The company has a 50 day moving average price of $1.26 and a two-hundred day moving average price of $1.25.

Versus Systems (NASDAQ:VS) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($29.07) by $29.17. The business had revenue of $0.01 million for the quarter, compared to analyst estimates of $1.14 million.

Versus Systems Company Profile

Versus Systems Inc developed an audience-engagement and gamification platform designed to connect brands, content providers and consumers through interactive digital experiences. Its technology enabled companies to offer rewards, promotions and other incentives tied to user participation in video games, livestreams, broadcasts and other forms of entertainment.

The company’s products included tools for integrating branded rewards and promotional campaigns into games and digital content, along with software intended to help partners manage offers, engagement programs and user interactions.