VerifyMe, Inc. (NASDAQ:VRME) Sees Large Decline in Short Interest

VerifyMe, Inc. (NASDAQ:VRME) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 54,630 shares, a decrease of 47.5% from the May 14th total of 103,971 shares. Based on an average daily volume of 79,575 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On VerifyMe

Institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP boosted its holdings in VerifyMe by 235.5% during the 3rd quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock valued at $31,000 after acquiring an additional 24,793 shares during the period. Quantum Financial Planning Services Inc. purchased a new stake in VerifyMe during the 4th quarter valued at about $42,000. State Street Corp boosted its holdings in VerifyMe by 51.8% during the 4th quarter. State Street Corp now owns 77,359 shares of the company’s stock valued at $46,000 after acquiring an additional 26,400 shares during the period. Finally, LPL Financial LLC boosted its holdings in VerifyMe by 71.4% during the 4th quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock valued at $229,000 after acquiring an additional 158,697 shares during the period. 8.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VRME has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of VerifyMe in a report on Monday, April 20th. Wall Street Zen cut VerifyMe from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $1.50.

VerifyMe Price Performance

VRME stock remained flat at $0.69 during trading on Friday. The company had a trading volume of 111,743 shares, compared to its average volume of 80,843. The firm has a market capitalization of $9.05 million, a price-to-earnings ratio of -1.82 and a beta of 0.34. VerifyMe has a 52 week low of $0.59 and a 52 week high of $1.51. The stock has a 50-day moving average of $0.76 and a 200-day moving average of $0.86.

VerifyMe (NASDAQ:VRME) last issued its earnings results on Friday, May 15th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The company had revenue of $1.77 million for the quarter, compared to analysts’ expectations of $2.23 million. VerifyMe had a negative net margin of 36.55% and a negative return on equity of 13.70%.

About VerifyMe

VerifyMe, Inc (NASDAQ: VRME) provides authentication and brand protection solutions to help companies secure products, packaging and digital credentials against counterfeiting, diversion and tampering. The company’s offerings combine physical authentication technologies—such as secure printing, invisible inks, RFID/NFC tags and direct part marking—with cloud-based software to create end-to-end track-and-trace capabilities. These integrated solutions enable customers to verify authenticity at every stage of the supply chain, from manufacturing through distribution and retail.

Key product lines include on-demand secure printers and customized label materials, embedded secure elements for item-level tagging, and a centralized data management platform that supports real-time analytics, consumer engagement and regulatory compliance.