Versus Systems Inc. (NASDAQ:VS) Sees Significant Decrease in Short Interest

Versus Systems Inc. (NASDAQ:VSGet Free Report) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 20,900 shares, a drop of 52.3% from the February 28th total of 43,800 shares. Based on an average daily trading volume, of 1,140,000 shares, the short-interest ratio is presently 0.0 days. Approximately 1.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Versus Systems

A hedge fund recently bought a new stake in Versus Systems stock. Renaissance Technologies LLC purchased a new stake in shares of Versus Systems Inc. (NASDAQ:VSFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 120,600 shares of the company’s stock, valued at approximately $265,000. Renaissance Technologies LLC owned about 4.39% of Versus Systems at the end of the most recent reporting period. 60.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Get Our Latest Report on Versus Systems

Versus Systems Stock Down 0.9 %

Shares of VS opened at $2.33 on Friday. The company’s 50 day moving average price is $2.21 and its 200 day moving average price is $1.94. Versus Systems has a 52 week low of $1.00 and a 52 week high of $9.59.

Versus Systems Company Profile

(Get Free Report)

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.

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