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 trading volume of 18,100 shares, the days-to-cover ratio is presently 0.5 days.

VerifyMe Trading Up 2.1 %

VRME traded up $0.02 on Thursday, reaching $0.98. 29,416 shares of the company’s stock were exchanged, compared to its average volume of 28,763. The company’s 50 day moving average is $1.31 and its 200-day moving average is $1.39. The company has a market cap of $10.18 million, a price-to-earnings ratio of -3.10 and a beta of 0.67. VerifyMe has a twelve month low of $0.90 and a twelve month high of $2.45. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.73 and a current ratio of 1.74.

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

Analyst Ratings Changes

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

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.