Short Interest in Verb Technology Company, Inc. (NASDAQ:VERB) Drops By 36.3%

Verb Technology Company, Inc. (NASDAQ:VERB) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 81,400 shares, a decrease of 36.3% from the May 15th total of 127,700 shares. Based on an average daily trading volume, of 65,300 shares, the short-interest ratio is presently 1.2 days. Approximately 11.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Verb Technology stock. SBI Securities Co. Ltd. acquired a new stake in shares of Verb Technology Company, Inc. (NASDAQ:VERB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,538 shares of the company’s stock, valued at approximately $36,000. SBI Securities Co. Ltd. owned approximately 0.56% of Verb Technology as of its most recent SEC filing. 7.24% of the stock is currently owned by hedge funds and other institutional investors.

Verb Technology Trading Down 2.4%

Shares of VERB stock opened at $6.93 on Tuesday. Verb Technology has a 52-week low of $3.81 and a 52-week high of $27.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.05 and a current ratio of 4.05. The firm has a market capitalization of $9.83 million, a PE ratio of -0.55 and a beta of 0.84. The stock has a fifty day simple moving average of $5.97 and a two-hundred day simple moving average of $5.91.

Verb Technology (NASDAQ:VERB) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($2.51) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.14) by $0.63. The firm had revenue of $1.31 million during the quarter, compared to analyst estimates of $0.10 million. Verb Technology had a negative return on equity of 88.37% and a negative net margin of 5,002.98%. On average, analysts predict that Verb Technology will post -17.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Ascendiant Capital Markets increased their price target on Verb Technology from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. Wall Street Zen upgraded Verb Technology to a “hold” rating in a research note on Friday, June 6th.

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.