VerifyMe, Inc. (NASDAQ:VRME) Sees Significant Decrease in Short Interest

VerifyMe, Inc. (NASDAQ:VRME) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 167,600 shares, a decrease of 87.5% from the January 15th total of 1,340,000 shares. Based on an average trading volume of 6,230,000 shares, the short-interest ratio is presently 0.0 days.

VerifyMe Stock Up 1.3 %

VerifyMe stock traded up $0.02 during midday trading on Wednesday, hitting $1.15. 526,433 shares of the company’s stock were exchanged, compared to its average volume of 10,848,132. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.74 and a current ratio of 1.74. VerifyMe has a 12 month low of $0.58 and a 12 month high of $5.00. The firm has a 50-day moving average of $1.51 and a two-hundred day moving average of $1.31. The company has a market cap of $12.48 million, a PE ratio of -3.69 and a beta of 0.27.

Wall Street Analyst Weigh In

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

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.