- Verb Technology ( NASDAQ: VERB ) on Monday said it had engaged forensic professionals including a company called ShareIntel to investigate potential illegal trading activity in its shares.
- Shareholder Intelligence Services LLC, or ShareIntel, is a firm that can be retained by public companies to obtain, track and analyze shareholder trading information.
- The retaining of ShareIntel and the investigation comes two weeks after VERB said it had begun examining measures to address the alleged illegal short selling of its stock.
- VERB said ShareIntel's analysis would direct the course of actions the company's board may take to protect its shareholders.
- "In addition to possible enforcement actions, our board is currently considering shareholder focused initiatives, including the issuance of a special dividend," VERB CEO Rory Cutaia said in a statement .
- VERB short interest is 5.10% .
- Verb Technology ( VERB ) stock was up 2.5% to $0.20 in mid-day trading.
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Verb Technology engages ShareIntel to investigate alleged illegal short selling