Veritone, Inc. (NASDAQ:VERI – Get Free Report) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 4,570,000 shares, a decline of 14.9% from the June 30th total of 5,370,000 shares. Approximately 14.1% of the shares of the company are short sold. Based on an average daily volume of 759,900 shares, the days-to-cover ratio is presently 6.0 days.
Veritone Stock Down 3.2 %
Shares of NASDAQ VERI opened at $2.87 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 9.02. The company has a market cap of $108.24 million, a P/E ratio of -1.30 and a beta of 3.34. Veritone has a 52 week low of $1.48 and a 52 week high of $7.76. The business has a 50-day simple moving average of $2.76 and a two-hundred day simple moving average of $3.02.
Veritone (NASDAQ:VERI – Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.01. The company had revenue of $31.64 million during the quarter, compared to analyst estimates of $30.70 million. Veritone had a negative net margin of 44.39% and a negative return on equity of 154.87%.
Institutional Inflows and Outflows
Veritone Company Profile
Veritone, Inc, together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. It develops and operates aiWARE platform, an AI operating system, that uses machine learning algorithms or AI models designed to mimic human cognitive functions, such as perception, prediction, and problem solving and optimization, as well as enables users to transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights.
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