Verb Technology Company, Inc. (NASDAQ:VERB) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 4,890,000 shares, a growth of 34.7% from the November 30th total of 3,630,000 shares. Currently, 7.9% of the shares of the stock are sold short. Based on an average trading volume of 1,620,000 shares, the short-interest ratio is currently 3.0 days.
Shares of VERB opened at $1.27 on Wednesday. The stock has a 50 day moving average price of $1.63 and a 200 day moving average price of $1.91. Verb Technology has a one year low of $0.92 and a one year high of $3.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $89.50 million, a price-to-earnings ratio of -1.63 and a beta of 1.10.
Verb Technology (NASDAQ:VERB) last announced its earnings results on Monday, November 15th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The business had revenue of $2.36 million for the quarter. Verb Technology had a negative return on equity of 281.06% and a negative net margin of 439.86%. During the same quarter in the previous year, the business posted ($0.18) earnings per share. On average, analysts predict that Verb Technology will post -0.32 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in VERB. Lido Advisors LLC purchased a new position in Verb Technology during the second quarter worth approximately $103,000. Vanguard Group Inc. raised its holdings in shares of Verb Technology by 48.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,402,741 shares of the company's stock worth $4,926,000 after acquiring an additional 779,580 shares during the period. Geode Capital Management LLC boosted its position in shares of Verb Technology by 17.3% during the 2nd quarter. Geode Capital Management LLC now owns 413,732 shares of the company's stock valued at $848,000 after acquiring an additional 61,011 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Verb Technology in the second quarter valued at about $177,000. Finally, State Street Corp purchased a new stake in shares of Verb Technology in the second quarter valued at about $465,000. 7.12% of the stock is owned by institutional investors.
About Verb Technology
Verb Technology Co, Inc engages in transforming how businesses captivate and engage customers. The firm's Software-as-a-Service (SaaS) platform is based on its proprietary interactive video technology and comprises a suite of sales enablement business software products offered on a subscription basis.
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