VerifyMe, Inc. (NASDAQ:VRME) Sees Significant Drop in Short Interest

VerifyMe, Inc. (NASDAQ:VRME) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 7,900 shares, a decrease of 69.0% from the December 31st total of 25,500 shares. Based on an average trading volume of 4,190,000 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and issued a $1.50 target price on shares of VerifyMe in a report on Wednesday, November 13th.

VerifyMe Stock Down 8.6 %

Shares of VRME stock traded down $0.15 during trading hours on Tuesday, reaching $1.54. The company had a trading volume of 636,705 shares, compared to its average volume of 17,284,979. VerifyMe has a 12 month low of $0.58 and a 12 month high of $5.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market cap of $16.12 million, a price-to-earnings ratio of -4.95 and a beta of 0.27. The business has a fifty day simple moving average of $1.38 and a 200-day simple moving average of $1.30.

VerifyMe Company Profile

VerifyMe, Inc, together with its subsidiary, PeriShip Global, LLC, operates as a technology solutions provider that specializes in products to connect brands with consumers and providing brands with end-to-end logistics management for their products. The company operates through two segments, VerifyMe Solutions and PeriShip Global Solutions.