Short Interest in Versus Systems Inc. (NASDAQ:VS) Expands By 184.9%

Versus Systems Inc. (NASDAQ:VS) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 107,700 shares, an increase of 184.9% from the June 30th total of 37,800 shares. Based on an average trading volume of 1,170,000 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, HC Wainwright raised their target price on Versus Systems from $1.50 to $2.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd.

Versus Systems Stock Performance

Versus Systems stock traded down $0.11 during trading on Thursday, reaching $1.48. 5,724 shares of the company were exchanged, compared to its average volume of 573,498. Versus Systems has a 52-week low of $1.23 and a 52-week high of $20.80. The stock’s 50 day simple moving average is $1.55 and its two-hundred day simple moving average is $1.82.

Versus Systems (NASDAQ:VS) last posted its earnings results on Wednesday, May 15th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by ($0.04). Versus Systems had a negative return on equity of 204.20% and a negative net margin of 7,480.35%. The business had revenue of $0.03 million for the quarter, compared to analyst estimates of $0.01 million. On average, research analysts predict that Versus Systems will post -2.27 EPS for the current year.

Versus Systems Company Profile

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.