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

Verb Technology Company, Inc. (NASDAQ:VERB) was the target of a significant increase in short interest in 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 trading volume of 951,700 shares, the days-to-cover ratio is presently 0.4 days. Currently, 51.9% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Verb Technology

In other news, major shareholder Corsair Capital Management, L. purchased 13,700 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were acquired at an average cost of $10.71 per share, for a total transaction of $146,727.00. Following the completion of the purchase, the insider now directly owns 74,915 shares in the company, valued at $802,339.65. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.70% of the company’s stock.

Verb Technology Stock Down 4.2 %

VERB traded down $0.44 on Friday, hitting $10.06. 58,425 shares of the company were exchanged, compared to its average volume of 356,299. The company has a current ratio of 4.52, a quick ratio of 4.52 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average is $11.85 and its 200 day moving average is $21.19. Verb Technology has a fifty-two week low of $5.05 and a fifty-two week high of $184.60.

Verb Technology (NASDAQ:VERB) last issued its earnings results on Wednesday, August 14th. The company reported ($4.00) earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $0.04 million for the quarter. Equities analysts forecast that Verb Technology will post -20 EPS for the current fiscal year.

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.