Veritone, Inc. (NASDAQ:VERI) Signals Intraday Volatility – Up by 5.83%


Veritone, Inc. (NASDAQ:VERI) is at $37.75 seeing a daily low of $35.13 and high of $39.70. The big move distinguishes the stock as one of the day’s most volatile.

The stock is among the market’s biggest gainers. It is trading at $37.75 which is just a bit higher than $37.05, the stock’s 50 day moving average and which is quite a bit above the 200 day moving average of $19.55. The 50 day moving average was up $0.70 or +1.90% and the 200 day average went up $18.20 or +93.10%.

Short Interest

Traders are a little more bearish on shares of the company recently at least if you consider the change in short interest. The firm experienced a rise in short interest of 30.17% between September 15, 2017 and September 29, 2017. Short interest grew 126,826 over that timeframe. The days to cover decreased to 0.0 and the percentage of shorted shares was 0.04% on September 29.

Recent Analyst Ratings

On August 11 analysts at Roth Capital initiated coverage giving it an initial rating of “Buy”. In the latest earnings report the EPS was $-12.72 and is projected to be $-5.37 for the current year with 14,957,000 shares outstanding. Next quarter’s EPS is forecasted to be $-0.56 and the next full year EPS is projected to be $-2.10.