Short Interest in Verb Technology Company, Inc. (NASDAQ:VERB) Decreases By 78.4%

Verb Technology Company, Inc. (NASDAQ:VERB) was the recipient of a significant decrease in short interest during the month of 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 company’s stock are sold short. Based on an average trading volume of 982,100 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

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

Insider Transactions at Verb Technology

In other news, major shareholder Corsair Capital Management, L. acquired 13,700 shares of Verb Technology stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average cost of $10.71 per share, for a total transaction of $146,727.00. Following the purchase, the insider now owns 74,915 shares in the company, valued at $802,339.65. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.55% of the company’s stock.

Verb Technology Stock Down 4.8 %

VERB opened at $9.32 on Wednesday. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $10.98 and a 200 day moving average of $18.94. 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 released its quarterly earnings data on Wednesday, August 14th. The company reported ($4.00) EPS for the quarter, beating the consensus estimate of ($6.00) by $2.00. Verb Technology had a negative net margin of 5,002.98% and a negative return on equity of 88.37%. The business had revenue of $0.04 million during the quarter. As a group, sell-side analysts forecast that Verb Technology will post -20 earnings per share 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.