VerifyMe, Inc. (NASDAQ:VRME) Short Interest Down 87.5% in January

VerifyMe, Inc. (NASDAQ:VRME) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 167,600 shares, a decline of 87.5% from the January 15th total of 1,340,000 shares. Based on an average daily trading volume, of 6,230,000 shares, the days-to-cover ratio is presently 0.0 days.

VerifyMe Stock Performance

NASDAQ:VRME opened at $1.15 on Thursday. The firm’s 50-day moving average is $1.52 and its 200-day moving average is $1.31. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.74 and a current ratio of 1.74. VerifyMe has a 52-week low of $0.58 and a 52-week high of $5.00.

Wall Street Analyst Weigh In

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

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.