Veritone, Inc. (NASDAQ:VERI) One of Today’s Biggest Losers – Down by 11.28%

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The company is down by 11.28% at $40.99 giving up $5.21 . 639,961 shares have changed hands.

(NASDAQ:VERI) news items.

Quantum Begins Shipping Xcellis Workflow Storage With Veritone aiWARE Artificial Intelligence Platform.

Company shares are trading at $40.99 significantly higher than the 50 day moving average which is $15.74 and well above the 200 day moving average of $13.56. The 50 day moving average was up by +160.40% and the 200 day average went up $27.43 or +202.36%.

Short traders are feeling a little more bullish on the company lately if you look at the downtick in short interest. The company experienced a fall in short interest from August 15, 2017 to August 31, 2017 of -11.51%. Short interest fell from 471,110 to 416,881 over that timeframe. The short-interest ratio decreased to 1.0 and the percentage of shorted shares was 0.03% on August 31.

On August 11 analysts at Roth Capital started coverage giving it an initial rating of “Buy”. Equity analyst Wunderlich started covering the stock by announcing an initial rating of “Buy”.

In the last earnings report the EPS was $-12.72 and is estimated to be $-5.37 for the current year with 14,957,000 shares now outstanding. Analysts expect next quarter’s EPS to be $-0.56 with next year’s EPS projected to be $-2.10.