Verb Technology Company, Inc. (NASDAQ:VERB) Sees Significant Growth in Short Interest

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Verb Technology Company, Inc. (NASDAQ:VERB) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 377,900 shares, a growth of 277.5% from the December 15th total of 100,100 shares. Based on an average daily volume of 681,600 shares, the short-interest ratio is presently 0.6 days.

Several equities analysts recently weighed in on the company. ValuEngine downgraded Verb Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, December 1st. LADENBURG THALM/SH SH assumed coverage on Verb Technology in a research report on Monday, December 14th. They set a “buy” rating on the stock. Finally, Alliance Global Partners raised their price target on Verb Technology from $2.00 to $2.75 and gave the company a “buy” rating in a report on Wednesday.

NASDAQ:VERB opened at $2.00 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.14. The business’s 50-day simple moving average is $1.55 and its two-hundred day simple moving average is $1.27. The stock has a market cap of $93.39 million, a PE ratio of -2.44 and a beta of 1.21. Verb Technology has a 52 week low of $0.90 and a 52 week high of $2.64.

Verb Technology (NASDAQ:VERB) last posted its quarterly earnings results on Sunday, November 15th. The company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.10). The business had revenue of $2.86 million for the quarter. Verb Technology had a negative net margin of 153.77% and a negative return on equity of 131.68%.

Several hedge funds have recently modified their holdings of the company. Morgan Stanley increased its holdings in shares of Verb Technology by 737.5% in the third quarter. Morgan Stanley now owns 80,409 shares of the company’s stock worth $87,000 after purchasing an additional 70,808 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Verb Technology by 18.4% in the third quarter. BlackRock Inc. now owns 77,980 shares of the company’s stock worth $84,000 after purchasing an additional 12,095 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Verb Technology in the third quarter worth about $43,000. 1.40% of the stock is currently owned by hedge funds and other institutional investors.

Verb Technology Company Profile

Verb Technology Company, Inc develops Software-as-a-Service applications platform. It offers verb Customer Relationship Management (CRM) application; verbLEARN, a Learning Management System application that incorporates clickable in-video technology featured in its verbCRM application; and verbLIVE, a Live Broadcast Video Webinar application.

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