VerifyMe, Inc. (NASDAQ:VRME – Get Free Report) was the recipient of a large 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 daily volume of 16,900 shares, the short-interest ratio is presently 0.8 days.
Analysts Set New Price Targets
Separately, Barrington Research reduced their price target 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.
Get Our Latest Stock Report on VRME
VerifyMe Stock Up 5.3 %
VerifyMe (NASDAQ:VRME – Get Free Report) last posted its quarterly earnings data 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. VerifyMe had a negative return on equity of 10.86% and a negative net margin of 7.18%. The business had revenue of $5.35 million during the quarter, compared to the consensus estimate of $5.71 million. During the same quarter in the prior year, the company earned ($0.11) earnings per share. As a group, equities research analysts anticipate that VerifyMe will post -0.19 EPS for the current fiscal year.
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.
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