Short Interest in VerifyMe, Inc. (NASDAQ:VRME) Expands By 16,862.0%

VerifyMe, Inc. (NASDAQ:VRME) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 1,340,000 shares, a growth of 16,862.0% from the December 31st total of 7,900 shares. Based on an average daily volume of 6,070,000 shares, the short-interest ratio is presently 0.2 days.

VerifyMe Stock Performance

NASDAQ VRME remained flat at $1.41 on Thursday. The company’s stock had a trading volume of 1,369,498 shares, compared to its average volume of 15,627,979. 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 stock’s 50 day simple moving average is $1.41 and its two-hundred day simple moving average is $1.30. VerifyMe has a 1-year low of $0.58 and a 1-year high of $5.00. The company has a market cap of $14.81 million, a price-to-earnings ratio of -4.55 and a beta of 0.27.

Analyst Ratings Changes

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

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.