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

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

Wall Street Analysts Forecast Growth

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

VerifyMe Stock Performance

Shares of NASDAQ VRME traded up $1.58 during trading hours on Monday, hitting $4.13. 57,388,988 shares of the company’s stock were exchanged, compared to its average volume of 32,558,471. The company’s 50-day moving average price is $1.01 and its 200-day moving average price is $1.19. VerifyMe has a 1-year low of $0.58 and a 1-year high of $4.96. The stock has a market capitalization of $43.37 million, a price-to-earnings ratio of -13.32 and a beta of 0.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.74 and a quick ratio of 1.74.

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.