Venus Concept Inc. (NASDAQ:VERO) Short Interest Update

by · The Cerbat Gem

Venus Concept Inc. (NASDAQ:VERO – Get Free Report) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 70,500 shares, a decrease of 91.3% from the September 30th total of 812,700 shares. Based on an average daily volume of 1,170,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.7% of the shares of the company are short sold.

Insider Buying and Selling at Venus Concept

In other Venus Concept news, major shareholder Michael Willingham Masters sold 94,553 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $0.53, for a total value of $50,113.09. Following the sale, the insider now directly owns 17,059 shares of the company’s stock, valued at approximately $9,041.27. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 51.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Venus Concept stock. Masters Capital Management LLC grew its position in Venus Concept Inc. (NASDAQ:VERO – Free Report) by 100.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 666,702 shares of the company’s stock after acquiring an additional 333,366 shares during the period. Masters Capital Management LLC owned about 10.49% of Venus Concept worth $522,000 at the end of the most recent quarter. 87.41% of the stock is currently owned by hedge funds and other institutional investors.

Venus Concept Price Performance

Shares of Venus Concept stock traded down $0.01 during trading hours on Friday, reaching $0.47. The stock had a trading volume of 77,084 shares, compared to its average volume of 987,413. The stock’s 50 day moving average is $0.55 and its 200 day moving average is $0.64. The firm has a market capitalization of $2.99 million, a PE ratio of -0.07 and a beta of 0.51. Venus Concept has a twelve month low of $0.40 and a twelve month high of $2.43. The company has a current ratio of 1.99, a quick ratio of 1.30 and a debt-to-equity ratio of 9.72.

Venus Concept (NASDAQ:VERO – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($1.39) earnings per share for the quarter. The business had revenue of $16.58 million for the quarter. Equities analysts expect that Venus Concept will post -6.37 earnings per share for the current fiscal year.

Venus Concept Company Profile

(Get Free Report)

Venus Concept Inc, a medical technology company, develops, commercializes, and delivers minimally invasive and non-invasive medical aesthetic and hair restoration technologies, and related services in the United States and internationally. Its product portfolio includes Venus Legacy, a noninvasive device used in dermatological and general surgical procedures for females; Venus Versa, a multi-application device used in aesthetic and cosmetic procedures; Venus Versa Pro; and Venus Viva and Venus Viva MD, an advanced, portable, and fractional RF system for dermatological procedures requiring ablation and resurfacing of the skin.

See Also