Short Interest in Verb Technology Company, Inc. (NASDAQ:VERB) Drops By 29.2%

Verb Technology Company, Inc. (NASDAQ:VERB) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 55,100 shares, a decrease of 29.2% from the November 15th total of 77,800 shares. Based on an average daily trading volume, of 997,200 shares, the short-interest ratio is presently 0.1 days. Currently, 6.5% of the company’s shares are short sold.

Insider Activity at Verb Technology

In other news, major shareholder Corsair Capital Management, L. acquired 13,700 shares of Verb Technology stock in a transaction that occurred on Tuesday, October 22nd. The shares were bought at an average cost of $10.71 per share, with a total value of $146,727.00. Following the transaction, the insider now directly owns 74,915 shares of the company’s stock, valued at $802,339.65. This trade represents a 22.38 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets cut their price objective on Verb Technology from $800.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, November 11th.

Verb Technology Stock Down 9.1 %

VERB stock traded down $0.71 during trading on Friday, hitting $7.10. The company had a trading volume of 32,595 shares, compared to its average volume of 99,865. Verb Technology has a 52-week low of $5.05 and a 52-week high of $184.60. The company has a 50 day simple moving average of $9.29 and a 200-day simple moving average of $15.62. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.01.

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.