Short Interest in Vsee Health, Inc. (NASDAQ:VSEE) Drops By 47.9%

Vsee Health, Inc. (NASDAQ:VSEE) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 44,400 shares, a drop of 47.9% from the February 13th total of 85,200 shares. Based on an average trading volume of 652,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.7% of the shares of the stock are short sold.

Hedge Funds Weigh In On Vsee Health

A hedge fund recently bought a new stake in Vsee Health stock. Two Sigma Securities LLC acquired a new stake in shares of Vsee Health, Inc. (NASDAQ:VSEE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,316 shares of the company’s stock, valued at approximately $25,000. Two Sigma Securities LLC owned approximately 0.51% of Vsee Health at the end of the most recent quarter. 1.01% of the stock is currently owned by institutional investors and hedge funds.

Vsee Health Price Performance

Shares of NASDAQ VSEE opened at $1.27 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.37 and a quick ratio of 0.37. Vsee Health has a 1-year low of $1.12 and a 1-year high of $33.08. The stock’s 50-day moving average is $1.55 and its 200 day moving average is $1.52.

Wall Street Analyst Weigh In

Separately, Maxim Group began coverage on Vsee Health in a report on Monday, February 24th. They issued a “buy” rating and a $5.00 price target on the stock.

About Vsee Health

VSee Health, Inc is a no-code or low-code software as a service (SaaS) platform that enables clinicians and enterprises to create their telehealth workflows without programming. It engages in providing timely, quality healthcare to patients regardless of geographical barriers. The company is headquartered in Boca Raton, FL.