Short Interest in VerifyMe, Inc. (NASDAQ:VRME) Grows By 24.5%

VerifyMe, Inc. (NASDAQ:VRME) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 208,600 shares, an increase of 24.5% from the January 31st total of 167,600 shares. Based on an average trading volume of 6,290,000 shares, the short-interest ratio is currently 0.0 days.

VerifyMe Trading Up 3.2 %

NASDAQ VRME traded up $0.03 on Wednesday, hitting $0.93. The company’s stock had a trading volume of 175,141 shares, compared to its average volume of 7,379,548. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.16. VerifyMe has a 52-week low of $0.58 and a 52-week high of $5.00. The firm has a market cap of $10.15 million, a P/E ratio of -3.02 and a beta of 0.27. The company’s 50-day simple moving average is $1.62 and its 200 day simple moving average is $1.29.

Wall Street Analyst Weigh In

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