Versus Systems Inc. (NASDAQ:VS) Sees Large Drop in Short Interest

Versus Systems Inc. (NASDAQ:VS) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 29,400 shares, a decline of 43.7% from the October 15th total of 52,200 shares. Based on an average trading volume of 2,020,000 shares, the days-to-cover ratio is presently 0.0 days.

Versus Systems Stock Performance

Shares of VS stock opened at $1.67 on Wednesday. Versus Systems has a 12-month low of $1.00 and a 12-month high of $9.59. The company has a 50 day moving average of $1.68 and a 200-day moving average of $1.57.

Versus Systems (NASDAQ:VS) last posted its earnings results on Wednesday, August 14th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.04). Versus Systems had a negative return on equity of 255.40% and a negative net margin of 8,703.52%. The company had revenue of $0.03 million for the quarter, compared to analysts’ expectations of $0.05 million. On average, sell-side analysts forecast that Versus Systems will post -2.17 EPS for the current year.

Analyst Ratings Changes

Separately, HC Wainwright increased their price objective on shares of Versus Systems from $1.50 to $3.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

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.