Verb Technology Company Inc (NASDAQ:VERB) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 81,700 shares, an increase of 69.5% from the July 31st total of 48,200 shares. Based on an average daily volume of 105,400 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s stock are short sold.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Cannell Peter B & Co. Inc. purchased a new stake in shares of Verb Technology during the second quarter valued at approximately $37,000. B. Riley Financial Inc. purchased a new position in shares of Verb Technology in the second quarter valued at approximately $101,000. Finally, Verition Fund Management LLC purchased a new position in shares of Verb Technology in the second quarter valued at approximately $554,000. Hedge funds and other institutional investors own 5.03% of the company’s stock.
Separately, Alliance Global Partners started coverage on shares of Verb Technology in a report on Tuesday, August 20th. They set a “buy” rating and a $3.50 price objective on the stock.
Shares of VERB stock traded up $0.03 during trading hours on Thursday, reaching $1.25. 12,448 shares of the company were exchanged, compared to its average volume of 114,405. The business has a fifty day moving average price of $1.51. Verb Technology has a fifty-two week low of $0.97 and a fifty-two week high of $18.71. The company has a current ratio of 0.43, a quick ratio of 0.40 and a debt-to-equity ratio of 0.11.
Verb Technology (NASDAQ:VERB) last announced its quarterly earnings results on Thursday, August 15th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $3.73 million during the quarter. Verb Technology had a negative net margin of 286.22% and a negative return on equity of 816.37%.
About Verb Technology
Verb Technology Company, Inc provides cloud-based business software products under the Tagg brand name. The company's flagship product is TaggCRM, a customer relationship management application that allows its users to create, distribute, and post interactive videos that contain on-screen clickable Taggs, which are interactive icons, buttons, and other on-screen elements that when clicked allow their prospects and customers to respond to its users' call to action in real-time, in the video, while the video is playing, without leaving or stopping the video.
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