Versus Systems Inc. (NASDAQ:VS) Short Interest Up 20.7% in September

Versus Systems Inc. (NASDAQ:VS) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 93,200 shares, a growth of 20.7% from the August 31st total of 77,200 shares. Based on an average trading volume of 1,160,000 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lowered their target price on shares of Versus Systems from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Tuesday, August 27th.

Versus Systems Price Performance

Shares of NASDAQ VS opened at $1.21 on Monday. Versus Systems has a 52-week low of $1.15 and a 52-week high of $20.80. The business has a 50-day moving average price of $1.42 and a 200 day moving average price of $1.54.

Versus Systems (NASDAQ:VS) last announced its earnings results on Wednesday, August 14th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.04). Versus Systems had a negative net margin of 8,703.52% and a negative return on equity of 255.40%. The business had revenue of $0.03 million during the quarter, compared to analyst estimates of $0.05 million. As a group, sell-side analysts expect that Versus Systems will post -2.13 EPS for the current fiscal 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.