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

VerifyMe, Inc. (NASDAQ:VRME) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 167,600 shares, a drop of 87.5% from the January 15th total of 1,340,000 shares. Based on an average trading volume of 6,230,000 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

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

VerifyMe Price Performance

VRME traded up $0.02 on Wednesday, hitting $1.15. 526,433 shares of the company’s stock were exchanged, compared to its average volume of 10,848,132. VerifyMe has a fifty-two week low of $0.58 and a fifty-two week high of $5.00. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $1.51 and a 200-day moving average price of $1.31. The stock has a market cap of $12.48 million, a price-to-earnings ratio of -3.69 and a beta of 0.27.

About VerifyMe

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.