Venus Concept Inc. (NASDAQ:VERO) Sees Significant Decline in Short Interest

Venus Concept Inc. (NASDAQ:VERO) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totalling 91,500 shares, a decrease of 40.7% from the July 31st total of 154,300 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average daily volume of 1,530,000 shares, the short-interest ratio is currently 0.1 days.

Insider Transactions at Venus Concept

In related news, major shareholder Michael Willingham Masters sold 387,231 shares of Venus Concept stock in a transaction on Friday, June 7th. The stock was sold at an average price of $1.21, for a total transaction of $468,549.51. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 51.39% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Venus Concept stock. Masters Capital Management LLC boosted its position in shares of Venus Concept Inc. (NASDAQ:VERO) by 100.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 666,702 shares of the company’s stock after buying an additional 333,366 shares during the period. Masters Capital Management LLC owned approximately 10.49% of Venus Concept worth $522,000 as of its most recent SEC filing. Institutional investors and hedge funds own 87.41% of the company’s stock.

Venus Concept Stock Performance

Shares of Venus Concept stock traded down $0.01 on Friday, hitting $0.54. 31,563 shares of the company traded hands, compared to its average volume of 807,862. Venus Concept has a 52 week low of $0.46 and a 52 week high of $2.44. The business has a 50-day simple moving average of $0.65 and a 200 day simple moving average of $0.73. The stock has a market capitalization of $3.43 million, a P/E ratio of -0.08 and a beta of 0.53.

Venus Concept Company Profile

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.