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

Verb Technology Company, Inc. (NASDAQ:VERB) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 81,200 shares, a decrease of 78.4% from the October 15th total of 375,800 shares. Approximately 8.2% of the shares of the company are sold short. Based on an average daily volume of 982,100 shares, the short-interest ratio is currently 0.1 days.

Verb Technology Stock Down 3.5 %

VERB traded down $0.34 on Tuesday, hitting $9.45. The company had a trading volume of 20,610 shares, compared to its average volume of 348,088. Verb Technology has a 12-month low of $5.05 and a 12-month high of $184.60. The business’s fifty day simple moving average is $10.98 and its 200 day simple moving average is $18.94. The company has a current ratio of 4.05, a quick ratio of 4.52 and a debt-to-equity ratio of 0.01.

Verb Technology (NASDAQ:VERB) last announced its earnings results 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. Verb Technology had a negative return on equity of 88.37% and a negative net margin of 5,002.98%. The business had revenue of $0.04 million during the quarter. As a group, equities research analysts predict that Verb Technology will post -20 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets cut their price objective on Verb Technology from $800.00 to $100.00 and set a “buy” rating for the company in a research report on Monday.

Insider Transactions at Verb Technology

In related news, major shareholder Corsair Capital Management, L. acquired 13,700 shares of Verb Technology stock in a transaction dated Tuesday, October 22nd. The stock was purchased at an average cost of $10.71 per share, for a total transaction of $146,727.00. Following the purchase, 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.55% of the stock is currently owned by company insiders.

About Verb Technology

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.