After Reaching Milestone, Is Veritone Inc (NASDAQ:VERI)’s Short Interest Revealing Something?

March 15, 2018 - By Richard Conner

 After Reaching Milestone, Is Veritone Inc (NASDAQ:VERI)’s Short Interest Revealing Something?

The stock of Veritone Inc (NASDAQ:VERI) registered a decrease of 0.81% in short interest. VERI’s total short interest was 1.22M shares in March as published by FINRA. Its down 0.81% from 1.23 million shares, reported previously. With 357,100 shares average volume, it will take short sellers 3 days to cover their VERI’s short positions. The short interest to Veritone Inc’s float is 19.45%.

The stock increased 2.09% or $0.3 during the last trading session, reaching $14.66. About 140,667 shares traded. Veritone, Inc. (NASDAQ:VERI) has 0.00% since March 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Veritone, Inc., a cloud-based cognitive software company, develops a proprietary artificial intelligence platform for various markets in the United States and internationally. The company has market cap of $236.89 million. The Company’s cloud open platform integrates and orchestrates an ecosystem of cognitive engines to reveal multivariate insights from various amounts of audio, video, and structured data; and incorporates proprietary technology to manage and integrate a range of AI processes to mimic human cognitive functions comprising perception, reasoning, prediction, and problem solving to transform unstructured data into structured data. It currently has negative earnings. The firm offers media agency services, including media planning and strategy, media buying and placement, campaign messaging, clearance verification and attribution, and custom analytics to manage, deliver, optimize, verify, and quantify advertising campaigns and content distribution for various clients across multiple channels comprising broadcast radio, satellite audio, streaming audio, broadcast and cable television, digital video, and podcasting.

More recent Veritone, Inc. (NASDAQ:VERI) news were published by: which released: “Veritone Reports Financial Results for the Fourth Quarter and Full Year of 2017” on February 26, 2018. Also published the news titled: “Veritone, Inc. (VERI): Cutting PT To $32 from $64 Ahead of Earnings – Roth Capital” on February 20, 2018.‘s news article titled: “Veritone to Present at 30th Annual ROTH Capital Conference on March 12, 2018” with publication date: February 26, 2018 was also an interesting one.

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