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

Veritone, Inc. (NASDAQ:VERI) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,040,000 shares, anincreaseof64.1% from the July 15th total of 3,680,000 shares. Approximately12.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,810,000 shares, the days-to-cover ratio is presently 3.3 days. Based on an average daily trading volume, of 1,810,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately12.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Veritone

A number of hedge funds have recently bought and sold shares of the business. Bayesian Capital Management LP acquired a new position in shares of Veritone in the 4th quarter valued at approximately $39,000. Virtu Financial LLC acquired a new position in shares of Veritone in the 1st quarter valued at approximately $30,000. LPL Financial LLC acquired a new position in shares of Veritone in the 4th quarter valued at approximately $48,000. Ground Swell Capital LLC acquired a new position in shares of Veritone in the 2nd quarter valued at approximately $27,000. Finally, Capital Advisors Inc. OK acquired a new position in shares of Veritone in the 1st quarter valued at approximately $70,000. 39.18% of the stock is owned by institutional investors.

Veritone Price Performance

NASDAQ:VERI opened at $2.63 on Monday. Veritone has a 52 week low of $1.22 and a 52 week high of $5.64. The firm has a market cap of $145.36 million, a price-to-earnings ratio of -3.17 and a beta of 2.81. The firm’s 50-day simple moving average is $1.91 and its 200 day simple moving average is $2.20. The company has a debt-to-equity ratio of 89.57, a quick ratio of 0.89 and a current ratio of 0.89.

Analysts Set New Price Targets

VERI has been the subject of a number of research reports. UBS Group cut their target price on shares of Veritone from $3.50 to $2.00 and set a “neutral” rating for the company in a research note on Friday, May 9th. D. Boral Capital reaffirmed a “buy” rating and set a $4.00 price target on shares of Veritone in a research report on Friday, August 8th.

About Veritone

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.