Venus Concept Inc. (NASDAQ:VERO) Short Interest Up 1,956.7% in October

Venus Concept Inc. (NASDAQ:VERO) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,450,000 shares, a growth of 1,956.7% from the October 15th total of 70,500 shares. Based on an average daily trading volume, of 1,690,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 35.1% of the shares of the company are short sold.

Insider Buying and Selling at Venus Concept

In other Venus Concept news, major shareholder Michael Willingham Masters sold 94,553 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $0.53, for a total value of $50,113.09. Following the sale, the insider now directly owns 17,059 shares in the company, valued at $9,041.27. This represents a 84.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 57.98% of the company’s stock.

Institutional Investors Weigh In On Venus Concept

A hedge fund recently raised its stake in Venus Concept stock. Masters Capital Management LLC grew its stake in Venus Concept Inc. (NASDAQ:VERO) by 100.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 666,702 shares of the company’s stock after acquiring an additional 333,366 shares during the period. Masters Capital Management LLC owned 10.49% of Venus Concept worth $522,000 as of its most recent filing with the Securities and Exchange Commission. 87.41% of the stock is owned by institutional investors and hedge funds.

Venus Concept Price Performance

Shares of VERO traded up $0.01 during trading hours on Thursday, hitting $0.35. The stock had a trading volume of 195,017 shares, compared to its average volume of 1,110,358. The stock has a market capitalization of $2.53 million, a price-to-earnings ratio of -0.04 and a beta of 0.57. The company has a debt-to-equity ratio of 9.72, a current ratio of 1.99 and a quick ratio of 1.30. The company’s fifty day moving average is $0.50 and its two-hundred day moving average is $0.61. Venus Concept has a 52 week low of $0.33 and a 52 week high of $2.22.

Venus Concept (NASDAQ:VERO) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($1.39) earnings per share for the quarter. The firm had revenue of $16.58 million for the quarter. On average, analysts anticipate that Venus Concept will post -6.37 EPS for the current year.

About Venus Concept

Venus Concept Inc, a medical technology company, develops, commercializes, and delivers minimally invasive and non-invasive medical aesthetic and hair restoration technologies, and related services in the United States and internationally. Its product portfolio includes Venus Legacy, a noninvasive device used in dermatological and general surgical procedures for females; Venus Versa, a multi-application device used in aesthetic and cosmetic procedures; Venus Versa Pro; and Venus Viva and Venus Viva MD, an advanced, portable, and fractional RF system for dermatological procedures requiring ablation and resurfacing of the skin.