Short Interest in Verb Technology Company, Inc. (NASDAQ:VERB) Drops By 23.7%

Verb Technology Company, Inc. (NASDAQ:VERB) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 1,160,000 shares, a decrease of 23.7% from the August 31st total of 1,520,000 shares. Based on an average trading volume of 12,380,000 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets decreased their target price on shares of Verb Technology from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd.

Verb Technology Price Performance

Shares of NASDAQ VERB opened at $0.05 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 4.52. The firm has a fifty day moving average of $0.07 and a 200-day moving average of $0.14. Verb Technology has a 52-week low of $0.05 and a 52-week high of $0.92.

Verb Technology (NASDAQ:VERB) last issued its earnings results on Wednesday, August 14th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $0.04 million for the quarter. Verb Technology had a negative return on equity of 165.56% and a negative net margin of 11,568.63%. On average, sell-side analysts predict that Verb Technology will post -0.1 EPS for the current year.

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.