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

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

Analysts Set New Price Targets

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

VerifyMe Stock Performance

Shares of VRME remained flat at $1.41 during midday trading on Thursday. 1,369,498 shares of the stock were exchanged, compared to its average volume of 15,627,979. The stock has a market cap of $14.81 million, a price-to-earnings ratio of -4.55 and a beta of 0.27. The company’s 50 day simple moving average is $1.41 and its 200 day simple moving average is $1.30. VerifyMe has a 52 week low of $0.58 and a 52 week high of $5.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.74 and a current ratio of 1.74.

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.