Verb Technology Company, Inc. (NASDAQ:VERB – Get Free Report) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 55,100 shares, a drop of 29.2% from the November 15th total of 77,800 shares. Based on an average trading volume of 997,200 shares, the short-interest ratio is currently 0.1 days. Currently, 6.5% of the shares of the company are sold short.
Insider Buying and Selling at Verb Technology
In other news, major shareholder Corsair Capital Management, L. bought 13,700 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was purchased at an average price of $10.71 per share, for a total transaction of $146,727.00. Following the transaction, the insider now owns 74,915 shares in the company, valued at approximately $802,339.65. This trade represents a 22.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.55% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Separately, Ascendiant Capital Markets cut their price objective on shares of Verb Technology from $800.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, November 11th.
Verb Technology Price Performance
Shares of Verb Technology stock opened at $7.10 on Friday. Verb Technology has a 52 week low of $5.05 and a 52 week high of $184.60. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $9.29 and its two-hundred day moving average price is $15.62.
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.
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