Short Interest in VerifyMe, Inc. (NASDAQ:VRME) Grows By 42.7%

VerifyMe, Inc. (NASDAQ:VRME) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 13,700 shares, an increase of 42.7% from the August 31st total of 9,600 shares. Based on an average trading volume of 16,900 shares, the days-to-cover ratio is presently 0.8 days.

VerifyMe Trading Up 4.5 %

Shares of VerifyMe stock traded up $0.06 during midday trading on Friday, reaching $1.39. The company had a trading volume of 160 shares, compared to its average volume of 30,013. The stock has a fifty day moving average price of $1.24 and a 200 day moving average price of $1.43. VerifyMe has a fifty-two week low of $0.85 and a fifty-two week high of $2.45. The firm has a market cap of $14.44 million, a PE ratio of -5.78 and a beta of 0.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.74 and a quick ratio of 1.73.

VerifyMe (NASDAQ:VRME) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $5.35 million for the quarter, compared to analysts’ expectations of $5.71 million. VerifyMe had a negative return on equity of 10.86% and a negative net margin of 7.18%. During the same period in the prior year, the business earned ($0.11) EPS. On average, equities analysts anticipate that VerifyMe will post -0.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Barrington Research decreased their target price on shares of VerifyMe from $2.00 to $1.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th.

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.