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

Venus Concept Inc. (NASDAQ:VERO) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,450,000 shares, an increase 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 short-interest ratio is currently 0.9 days. Currently, 35.1% of the shares of the company are sold short.

Insider Activity at Venus Concept

In related news, major shareholder Michael Willingham Masters sold 71,368 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $0.64, for a total transaction of $45,675.52. Following the sale, the insider now owns 22,383 shares of the company’s stock, valued at $14,325.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 57.98% of the stock is owned by company insiders.

Institutional Trading of Venus Concept

An institutional investor recently raised its position in Venus Concept stock. Masters Capital Management LLC grew its position in shares of Venus Concept Inc. (NASDAQ:VERO) by 100.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 666,702 shares of the company’s stock after purchasing an additional 333,366 shares during the period. Masters Capital Management LLC owned approximately 10.49% of Venus Concept worth $522,000 at the end of the most recent quarter. Institutional investors own 87.41% of the company’s stock.

Venus Concept Trading Down 2.7 %

NASDAQ:VERO traded down $0.01 on Tuesday, reaching $0.39. 3,739 shares of the stock traded hands, compared to its average volume of 1,118,227. The company has a current ratio of 1.99, a quick ratio of 1.30 and a debt-to-equity ratio of 9.72. The company’s 50 day moving average is $0.51 and its 200-day moving average is $0.61. Venus Concept has a 1-year low of $0.33 and a 1-year high of $2.22. The firm has a market capitalization of $2.84 million, a price-to-earnings ratio of -0.05 and a beta of 0.57.

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