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

Verb Technology Company, Inc. (NASDAQ:VERB) saw a significant 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 volume of 65,300 shares, the days-to-cover ratio is presently 1.2 days. Currently, 11.3% of the shares of the company are sold short.

Analyst Ratings Changes

Several research analysts have recently 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 raised Verb Technology to a “hold” rating in a research note on Friday, June 6th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Verb Technology stock. SBI Securities Co. Ltd. bought a new stake in shares of Verb Technology Company, Inc. (NASDAQ:VERB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 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. Institutional investors own 7.24% of the company’s stock.

Verb Technology Trading Down 8.5%

Shares of VERB stock opened at $7.10 on Monday. The stock has a 50-day simple moving average of $5.91 and a 200 day simple moving average of $5.93. Verb Technology has a fifty-two week low of $3.81 and a fifty-two week high of $27.60. The stock has a market capitalization of $10.07 million, a P/E ratio of -0.57 and a beta of 0.84. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.01.

Verb Technology (NASDAQ:VERB) last announced its earnings results on Tuesday, May 13th. The company reported ($2.51) earnings per share for the quarter, beating the consensus estimate of ($3.14) by $0.63. Verb Technology had a negative return on equity of 88.37% and a negative net margin of 5,002.98%. The business had revenue of $1.31 million during the quarter, compared to analysts’ expectations of $0.10 million. On average, sell-side analysts expect that Verb Technology will post -17.56 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.