Verb Technology Company Inc VERB Shares are up more than 100% on Monday after the company announced its board had begun considering measures to address the alleged wrongdoing short sale its share, among other things suspected trade violations.

What you should know: Verb shares are down about 80% over the past year. On Monday, the company said it had noticed what appeared to be “unusual trading patterns.”

“The Company believes that certain individuals and/or companies may have been involved in illegal trading activities, including but not limited to naked short selling and spoofing that may have artificially depressed VERB’s share price,” the company said.

Verb’s board of directors is evaluating several different options to address the alleged illegal trading activities, including engaging forensic experts and working with other publicly traded companies that have made similar findings unusual trading activity.

“Today we join the fight started by companies like Genius Group, Helbiz and Creatd, among others, for more integrity in the capital markets,” he said Rory CutaiaChairman and CEO of Verb.

verb provides interactive video-based sales enablement applications, including shoppable live stream video.

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VERB price action: Verb has a 52-week high of $1.69 and a 52-week low of 11 cents.

The stock is up 131.7% at 53 cents at the time of publication Gasoline Pro.

Photo: StockSnap from Pixabay.