Venus Concept Inc. (NASDAQ:VERO) Short Interest Down 92.5% in November

Venus Concept Inc. (NASDAQ:VERO) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 108,600 shares, a decrease of 92.5% from the October 31st total of 1,450,000 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average daily volume of 1,780,000 shares, the days-to-cover ratio is currently 0.1 days.

Venus Concept Stock Down 0.6 %

NASDAQ:VERO traded down $0.00 during mid-day trading on Wednesday, hitting $0.34. 33,956 shares of the company’s stock traded hands, compared to its average volume of 1,095,525. Venus Concept has a 12 month low of $0.28 and a 12 month high of $2.22. The firm has a 50 day moving average of $0.46 and a two-hundred day moving average of $0.58. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.86 and a quick ratio of 1.18.

Insiders Place Their Bets

In other Venus Concept news, major shareholder Michael Willingham Masters sold 71,368 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $0.64, for a total transaction of $45,675.52. Following the completion of the sale, the insider now directly owns 22,383 shares in the company, valued at $14,325.12. This represents a 76.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 57.98% of the company’s stock.

Hedge Funds Weigh In On Venus Concept

A hedge fund recently raised its stake in Venus Concept stock. Masters Capital Management LLC grew its stake in Venus Concept Inc. (NASDAQ:VERO) by 100.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 666,702 shares of the company’s stock after purchasing an additional 333,366 shares during the period. Masters Capital Management LLC owned about 10.49% of Venus Concept worth $522,000 as of its most recent SEC filing. 87.41% of the stock is owned by hedge funds and other institutional investors.

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.