Short Interest in VerifyMe, Inc. (NASDAQ:VRME) Declines By 69.0%

VerifyMe, Inc. (NASDAQ:VRME) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 7,900 shares, a drop of 69.0% from the December 31st total of 25,500 shares. Based on an average daily trading volume, of 4,190,000 shares, the days-to-cover ratio is presently 0.0 days.

VerifyMe Stock Performance

Shares of VerifyMe stock remained flat at $1.41 during trading on Thursday. The stock had a trading volume of 1,369,498 shares, compared to its average volume of 15,627,979. 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 12 month low of $0.58 and a 12 month high of $5.00. The stock has a market cap of $14.81 million, a P/E ratio of -4.55 and a beta of 0.27. The company has a fifty day simple moving average of $1.41 and a 200-day simple moving average of $1.30.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and set a $1.50 price target 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.