Versus Systems Inc. (NASDAQ:VS) Short Interest Update

Versus Systems Inc. (NASDAQ:VS) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 5,400 shares, a decrease of 84.5% from the February 29th total of 34,900 shares. Based on an average daily trading volume, of 126,700 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Versus Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Peapack Gladstone Financial Corp bought a new stake in Versus Systems during the 1st quarter worth approximately $59,000. Verition Fund Management LLC bought a new stake in Versus Systems during the 1st quarter worth approximately $253,000. Finally, Wasatch Advisors Inc. grew its holdings in shares of Versus Systems by 105.1% in the first quarter. Wasatch Advisors Inc. now owns 1,797,011 shares of the company’s stock valued at $2,426,000 after acquiring an additional 920,683 shares in the last quarter. 60.72% of the stock is owned by institutional investors.

Versus Systems Stock Performance

VS stock opened at $2.07 on Friday. The stock’s 50 day simple moving average is $2.15 and its 200 day simple moving average is $2.80. The company has a market cap of $1.38 million, a P/E ratio of -0.02 and a beta of 2.04. Versus Systems has a fifty-two week low of $1.88 and a fifty-two week high of $20.80.

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.