Vericity (NASDAQ:VERY) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 3,200 shares, a drop of 27.3% from the August 15th total of 4,400 shares. Based on an average daily trading volume, of 7,300 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short.
A hedge fund recently raised its stake in Vericity stock. Bank of America Corp DE boosted its position in Vericity (NASDAQ:VERY) by 403.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,165 shares of the company’s stock after acquiring an additional 3,338 shares during the period. Bank of America Corp DE’s holdings in Vericity were worth $44,000 at the end of the most recent quarter. 1.84% of the stock is owned by institutional investors.
NASDAQ VERY opened at $9.80 on Thursday. The company’s fifty day moving average is $8.57 and its two-hundred day moving average is $10.13. Vericity has a 52-week low of $6.91 and a 52-week high of $23.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market capitalization of $145.78 million and a price-to-earnings ratio of -5.63.
Vericity, Inc, through its subsidiaries, provides life insurance protection products for the middle American market. The company operates through Insurance and Agency segments. The Insurance segment provides term life, accidental death, and final expense products. This segment distributes its life insurance products through independent producers, including direct distributors that market to consumers through call centers and regional and national independent producer groups.
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