Vimeo, Inc. (NASDAQ:VMEO) Sees Large Drop in Short Interest – Defense World

Posted by Defense World Staff on Aug 14th, 2023 Vimeo, Inc. (NASDAQ:VMEO – Get Free Report) saw a large decrease in short interest in July. As of July 31st, there was short interest totalling 3,260,000 shares, a decrease of 27.1% from the July 15th total of 4,470,000 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average trading volume of 1,770,000 shares, the days-to-cover ratio is presently 1.8 days. Vimeo Stock Performance Shares of Vimeo stock opened at $4.21 on Monday. The company has a fifty day moving average of $4.16 and a 200 day moving average of $3.91. Vimeo has a fifty-two week low of $3.07 and a fifty-two week high of $7.61. The company has a market capitalization of $697.98 million, a P/E ratio of -32.38 and a beta of 1.95. Vimeo (NASDAQ:VMEO – Get Free Report) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.14. The business had revenue of $101.84 million for the quarter, compared to the consensus estimate of $100.59 million. Vimeo had a negative return on equity of
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