VIQ Solutions Inc. (NASDAQ:VQS – Get Rating) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 37,000 shares, a drop of 27.7% from the August 31st total of 51,200 shares. Based on an average daily trading volume, of 53,400 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of VIQ Solutions

An institutional investor recently raised its position in VIQ Solutions stock. Adirondack Retirement Specialists Inc. raised its position in shares of VIQ Solutions Inc. (NASDAQ:VQS – Get Rating) by 729.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,468,973 shares of the company's stock after buying an additional 1,291,880 shares during the quarter. VIQ Solutions comprises about 2.0% of Adirondack Retirement Specialists Inc.'s investment portfolio, making the stock its 10th largest holding. Adirondack Retirement Specialists Inc. owned approximately 4.92% of VIQ Solutions worth $1,998,000 at the end of the most recent reporting period. 11.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, HC Wainwright reduced their price objective on shares of VIQ Solutions from $4.00 to $2.00 and set a "buy" rating on the stock in a research report on Thursday, September 22nd.

VIQ Solutions Trading Up 3.2 %

VIQ Solutions (NASDAQ:VQS – Get Rating) last announced its quarterly earnings results on Wednesday, August 10th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). VIQ Solutions had a negative net margin of 32.94% and a negative return on equity of 65.24%. The company had revenue of $12.35 million for the quarter, compared to analysts' expectations of $12.08 million. Sell-side analysts expect that VIQ Solutions will post -0.28 earnings per share for the current fiscal year.

VIQ Solutions Company Profile

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VIQ Solutions Inc operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United States, the United Kingdom, Canada, and internationally. It operates through two segments, Technology and Related Revenue, and Technology Services.

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