Verb Technology Company, Inc. (NASDAQ:VERB – Get Rating) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 2,950,000 shares, an increase of 12.6% from the September 30th total of 2,620,000 shares. Based on an average daily trading volume, of 959,000 shares, the short-interest ratio is currently 3.1 days.
Institutional Trading of Verb Technology
A number of hedge funds and other institutional investors have recently modified their holdings of VERB. Millennium Management LLC acquired a new stake in shares of Verb Technology in the second quarter valued at approximately $42,000. Price T Rowe Associates Inc. MD boosted its stake in Verb Technology by 26.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 104,900 shares of the company's stock valued at $55,000 after acquiring an additional 21,800 shares during the last quarter. Fortitude Advisory Group L.L.C. boosted its stake in Verb Technology by 243.8% in the second quarter. Fortitude Advisory Group L.L.C. now owns 233,750 shares of the company's stock valued at $122,000 after acquiring an additional 165,750 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Verb Technology by 57.5% in the second quarter. Renaissance Technologies LLC now owns 306,200 shares of the company's stock valued at $160,000 after acquiring an additional 111,805 shares during the last quarter. Finally, State Street Corp boosted its stake in Verb Technology by 22.1% in the first quarter. State Street Corp now owns 209,535 shares of the company's stock valued at $199,000 after acquiring an additional 37,935 shares during the last quarter. Institutional investors and hedge funds own 12.54% of the company's stock.
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Verb Technology Stock Performance
NASDAQ VERB opened at $0.22 on Friday. The company has a 50 day moving average of $0.46 and a 200-day moving average of $0.52. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.04. Verb Technology has a 1-year low of $0.17 and a 1-year high of $2.15.
Verb Technology (NASDAQ:VERB – Get Rating) last issued its quarterly earnings results on Monday, August 15th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $2.40 million during the quarter. Verb Technology had a negative net
margin of 272.77% and a negative return on equity of 165.12%.
About Verb Technology
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Verb Technology Company, Inc develops Software-as-a-Service applications platform in the United States, Japan, and internationally. It offers verbCRM, a customer relationship management (CRM) application; verbTEAMS, a CRM application for small and medium-sized businesses and solopreneurs; verbLEARN, a learning management system application that incorporates clickable in-video technology featured in its verbCRM application; and verbLIVE, a live eCommerce application.
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