Veritone, Inc. (NASDAQ:VERI) Short Interest Update

Veritone, Inc. (NASDAQ:VERI) 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) 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

Several institutional investors have recently made changes to their positions in the company. Private Management Group Inc. grew its position in Veritone by 7.3% during the fourth quarter. Private Management Group Inc. now owns 2,126,535 shares of the company’s stock worth $3,849,000 after buying an additional 144,613 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Veritone by 5.4% in the first quarter. Vanguard Group Inc. now owns 2,703,417 shares of the company’s stock worth $14,220,000 after purchasing an additional 138,194 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Veritone during the first quarter valued at approximately $617,000. Vontobel Holding Ltd. grew its stake in Veritone by 32.2% in the 4th quarter. Vontobel Holding Ltd. now owns 439,130 shares of the company’s stock worth $795,000 after buying an additional 106,890 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in Veritone in the 2nd quarter worth approximately $58,000. Institutional investors own 39.18% of the company’s stock.

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.