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

Verb Technology Company, Inc. (NASDAQ:VERB) was the target of 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. Approximately 6.5% of the shares of the company are sold short. Based on an average trading volume of 997,200 shares, the short-interest ratio is presently 0.1 days.

Verb Technology Price Performance

VERB traded down $0.71 during trading hours on Friday, hitting $7.10. The company’s stock had a trading volume of 32,595 shares, compared to its average volume of 99,865. Verb Technology has a 12 month low of $5.05 and a 12 month high of $184.60. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $9.29 and its 200-day moving average price is $15.62.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets reduced their target price on shares of Verb Technology from $800.00 to $100.00 and set a “buy” rating for the company in a report on Monday, November 11th.

Insider Buying and Selling at Verb Technology

In other news, major shareholder Corsair Capital Management, L. purchased 13,700 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were purchased at an average cost of $10.71 per share, for a total transaction of $146,727.00. Following the purchase, the insider now directly owns 74,915 shares in the company, valued at approximately $802,339.65. This represents a 22.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

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.