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

Versus Systems Inc. (NASDAQ:VS) was the recipient of a large decline in short interest in 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 daily volume of 2,020,000 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

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

Versus Systems Stock Down 3.1 %

Shares of VS traded down $0.05 during mid-day trading on Friday, hitting $1.55. 26,016 shares of the company traded hands, compared to its average volume of 961,278. Versus Systems has a 1 year low of $1.00 and a 1 year high of $9.59. The stock has a 50-day moving average price of $1.69 and a two-hundred day moving average price of $1.57.

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

About Versus Systems

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.