VerifyMe, Inc. (NASDAQ:VRME) Short Interest Up 216.1% in October

VerifyMe, Inc. (NASDAQ:VRME) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 9,800 shares, an increase of 216.1% from the October 15th total of 3,100 shares. Based on an average daily trading volume, of 18,100 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an “outperform” rating and set a $1.50 target price on shares of VerifyMe in a research note on Wednesday.

VerifyMe Stock Up 2.1 %

Shares of VerifyMe stock traded up $0.02 on Thursday, hitting $0.98. 29,416 shares of the company’s stock traded hands, compared to its average volume of 28,763. The stock has a market cap of $10.18 million, a P/E ratio of -3.10 and a beta of 0.67. The company has a quick ratio of 1.73, a current ratio of 1.74 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average is $1.31 and its 200 day moving average is $1.39. VerifyMe has a 52-week low of $0.90 and a 52-week high of $2.45.

VerifyMe (NASDAQ:VRME) last issued its earnings results on Tuesday, August 13th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. The firm had revenue of $5.35 million for the quarter, compared to analyst estimates of $5.71 million. VerifyMe had a negative return on equity of 10.68% and a negative net margin of 13.15%. During the same period last year, the company earned ($0.11) earnings per share. Equities analysts anticipate that VerifyMe will post -0.19 earnings per share for the current 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.