VerifyMe, Inc. (NASDAQ:VRME) Sees Large Growth in Short Interest

VerifyMe, Inc. (NASDAQ:VRME) was the target of a significant 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 trading volume, of 16,900 shares, the short-interest ratio is currently 0.8 days.

VerifyMe Price Performance

Shares of VerifyMe stock opened at $1.40 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.74 and a quick ratio of 1.73. VerifyMe has a one year low of $0.85 and a one year high of $2.45. The business’s 50 day simple moving average is $1.25 and its two-hundred day simple moving average is $1.43. The stock has a market capitalization of $14.55 million, a P/E ratio of -6.09 and a beta of 0.65.

VerifyMe (NASDAQ:VRME) last issued its earnings results on Tuesday, August 13th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. The company had revenue of $5.35 million for the quarter, compared to the consensus estimate of $5.71 million. VerifyMe had a negative net margin of 7.18% and a negative return on equity of 10.86%. During the same period in the previous year, the firm earned ($0.11) earnings per share. Analysts forecast that VerifyMe will post -0.19 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Barrington Research decreased their price objective on VerifyMe from $2.00 to $1.50 and set an “outperform” rating on the stock in a report on Wednesday, August 14th.

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.