Short Interest in VSee Health, Inc. (NASDAQ:VSEE) Increases By 129.3%

VSee Health, Inc. (NASDAQ:VSEE) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,936,650 shares, an increase of 129.3% from the May 14th total of 844,732 shares. Based on an average daily trading volume, of 6,735,851 shares, the days-to-cover ratio is currently 0.3 days.

VSee Health Trading Down 9.0%

VSee Health stock traded down $0.01 during trading hours on Friday, hitting $0.14. The stock had a trading volume of 1,119,119 shares. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.12. The stock has a market cap of $511,200.00 and a price-to-earnings ratio of -0.26. VSee Health has a one year low of $0.14 and a one year high of $2.52. The business’s 50 day simple moving average is $0.19 and its 200-day simple moving average is $0.32.

VSee Health (NASDAQ:VSEE) last posted its earnings results on Friday, May 15th. The company reported ($0.05) 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. VSee Health had a negative return on equity of 11,636.34% and a negative net margin of 92.36%.

Hedge Funds Weigh In On VSee Health

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

Analysts Set New Price Targets

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

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.