Short Interest in Versus Systems Inc. (NASDAQ:VS) Decreases By 20.0%

Versus Systems Inc. (NASDAQ:VS) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 109,800 shares, a decline of 20.0% from the January 31st total of 137,200 shares. Based on an average daily volume of 1,170,000 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Versus Systems Trading Up 10.0 %

Shares of VS traded up $0.21 during midday trading on Wednesday, hitting $2.30. The company’s stock had a trading volume of 40,506 shares, compared to its average volume of 1,734,836. Versus Systems has a one year low of $1.00 and a one year high of $9.59. The company’s fifty day simple moving average is $2.21 and its two-hundred day simple moving average is $1.86.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Versus Systems stock. Renaissance Technologies LLC bought a new position in shares of Versus Systems Inc. (NASDAQ:VS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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.

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.