Verb Technology Company, Inc. (NASDAQ:VERB) Sees Large Growth in Short Interest

Verb Technology Company, Inc. (NASDAQ:VERB - Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 375,800 shares, an increase of 5,426.5% from the September 30th total of 6,800 shares. Based on an average daily volume of 951,700 shares, the short-interest ratio is presently 0.4 days. Currently, 51.9% of the company's shares are short sold.

Verb Technology Stock Performance

Shares of VERB traded up $0.34 during trading on Friday, reaching $10.84. 141,063 shares of the company traded hands, compared to its average volume of 356,699. Verb Technology has a twelve month low of $5.05 and a twelve month high of $184.60. The stock has a 50-day simple moving average of $11.80 and a 200-day simple moving average of $20.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 4.52.

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

Analyst Ratings Changes

Separately, Ascendiant Capital Markets dropped their price target on shares of Verb Technology from $900.00 to $800.00 and set a "buy" rating for the company in a research report on Tuesday, September 3rd.

Insider Buying and Selling

In other news, major shareholder Corsair Capital Management, L. acquired 13,700 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 74,915 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at this link. 6.70% of the stock is owned by company insiders.

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.