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

Versus Systems Inc. (NASDAQ:VS) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 43,800 shares, a decline of 60.1% from the February 13th total of 109,800 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 1,150,000 shares, the days-to-cover ratio is currently 0.0 days.

Versus Systems Stock Up 1.9 %

Shares of VS opened at $2.19 on Friday. Versus Systems has a one year low of $1.00 and a one year high of $9.59. The business has a fifty day moving average of $2.20 and a 200 day moving average of $1.90.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “neutral” rating and issued a $2.00 price target on shares of Versus Systems in a research note on Wednesday, December 11th.

Institutional Trading of Versus Systems

A hedge fund recently bought a new stake in Versus Systems stock. Renaissance Technologies LLC acquired a new position in Versus Systems Inc. (NASDAQ:VS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 120,600 shares of the company’s stock, valued at approximately $265,000. Renaissance Technologies LLC owned 4.39% of Versus Systems at the end of the most recent reporting period. Institutional investors and hedge funds own 60.72% of the company’s stock.

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.