Could Verso Corporation (NYSE:VRS) Skyrocket? The Stock Had Too Little Sellers

June 14, 2018 - By Kenneth Lin

The stock of Verso Corporation (NYSE:VRS) registered a decrease of 15.57% in short interest. VRS’s total short interest was 457,100 shares in June as published by FINRA. Its down 15.57% from 541,400 shares, reported previously. With 315,000 shares average volume, it will take short sellers 2 days to cover their VRS’s short positions. The short interest to Verso Corporation’s float is 1.93%.

The stock decreased 0.76% or $0.15 during the last trading session, reaching $19.63. About 212,759 shares traded. Verso Corporation (NYSE:VRS) has risen 486.80% since June 14, 2017 and is uptrending. It has outperformed by 474.23% the S&P500.

Verso Corporation produces and sells coated papers in the United States. The company has market cap of $676.36 million. It operates in two divisions, Paper and Pulp. It currently has negative earnings. The firm offers coated freesheet and coated groundwood, specialty, inkjet and digital, supercalendered, and uncoated freesheet papers; and Northern Bleached Hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.

Verso Corporation (NYSE:VRS) Ratings Coverage

Among 2 analysts covering Verso Corp (NYSE:VRS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Verso Corp has $2600 highest and $20.0 lowest target. $23’s average target is 17.17% above currents $19.63 stock price. Verso Corp had 5 analyst reports since December 20, 2017 according to SRatingsIntel. FBR Capital maintained it with “Buy” rating and $20.0 target in Wednesday, December 20 report. The stock of Verso Corporation (NYSE:VRS) earned “Buy” rating by FBR Capital on Friday, February 16. The stock of Verso Corporation (NYSE:VRS) earned “Buy” rating by FBR Capital on Friday, March 9. The stock of Verso Corporation (NYSE:VRS) has “Buy” rating given on Thursday, May 10 by FBR Capital.

Another recent and important Verso Corporation (NYSE:VRS) news was published by Nasdaq.com which published an article titled: “Mid-Afternoon Market Update: Blink Charging Rises After Q1 Results; Purple Innovation Shares Slide” on May 16, 2018.

Verso Corporation (NYSE:VRS) Ratings Chart

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