Verb Technology Company, Inc. (NASDAQ:VERB) Short Interest Update

Verb Technology Company, Inc. (NASDAQ:VERB) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 375,800 shares, a growth of 5,426.5% from the September 30th total of 6,800 shares. Approximately 51.9% of the shares of the stock are sold short. Based on an average daily volume of 951,700 shares, the short-interest ratio is presently 0.4 days.

Verb Technology Trading Down 4.2 %

Shares of VERB traded down $0.44 on Friday, hitting $10.06. 58,425 shares of the stock traded hands, compared to its average volume of 356,299. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.52 and a current ratio of 4.52. The stock’s 50 day moving average is $11.85 and its two-hundred day moving average is $21.19. Verb Technology has a 1 year low of $5.05 and a 1 year high of $184.60.

Verb Technology (NASDAQ:VERB) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($4.00) earnings per share (EPS) for the quarter, beating the consensus estimate of ($6.00) by $2.00. The business had revenue of $0.04 million for the quarter. Verb Technology had a negative net margin of 11,568.63% and a negative return on equity of 165.56%. On average, research analysts predict that Verb Technology will post -20 earnings per share for the current year.

Insider Buying and Selling at Verb Technology

In other Verb Technology news, major shareholder Corsair Capital Management, L. purchased 13,700 shares of Verb Technology stock in a transaction on Tuesday, October 22nd. The shares were bought at an average price of $10.71 per share, with a total value of $146,727.00. Following the completion of the acquisition, the insider now directly owns 74,915 shares of the company’s stock, valued at approximately $802,339.65. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.70% of the company’s stock.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets reduced their price objective on shares of Verb Technology from $900.00 to $800.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd.

Verb Technology Company Profile

Verb Technology Company, Inc, through its subsidiaries, develops Software-as-a-Service applications platform. It offers MARKET.live, a livestream social shopping platform, that allows brands, retailers, and creators to broadcast shopping events on various social media channels, as well as services that range from production of livestream events to host and event consulting, and drop ship and creator programs.