Short Interest in VerifyMe, Inc. (NASDAQ:VRME) Grows By 23.8%

VerifyMe, Inc. (NASDAQ:VRME) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 9,900 shares, an increase of 23.8% from the July 31st total of 8,000 shares. Based on an average trading volume of 14,900 shares, the short-interest ratio is currently 0.7 days.

Analyst Ratings Changes

Several equities analysts recently commented on VRME shares. Maxim Group reduced their price objective on shares of VerifyMe from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Monday, August 14th. Barrington Research reduced their price objective on shares of VerifyMe from $2.00 to $1.70 and set an “outperform” rating for the company in a research note on Tuesday, August 15th.

Hedge Funds Weigh In On VerifyMe

Institutional investors have recently made changes to their positions in the stock. SFE Investment Counsel increased its holdings in shares of VerifyMe by 25.0% in the 4th quarter. SFE Investment Counsel now owns 150,000 shares of the company’s stock worth $248,000 after buying an additional 30,000 shares during the last quarter. MML Investors Services LLC bought a new position in shares of VerifyMe in the 1st quarter worth $383,000. HighTower Advisors LLC increased its holdings in shares of VerifyMe by 492.0% in the 1st quarter. HighTower Advisors LLC now owns 89,095 shares of the company’s stock worth $171,000 after buying an additional 74,046 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of VerifyMe in the 2nd quarter valued at $67,000. Finally, Renaissance Technologies LLC boosted its stake in shares of VerifyMe by 52.4% in the 2nd quarter. Renaissance Technologies LLC now owns 46,200 shares of the company’s stock valued at $64,000 after purchasing an additional 15,892 shares in the last quarter. Institutional investors own 13.11% of the company’s stock.

VerifyMe Price Performance

Shares of NASDAQ:VRME opened at $1.17 on Wednesday. The company’s fifty day moving average price is $1.25 and its 200-day moving average price is $1.52. The firm has a market capitalization of $11.58 million, a price-to-earnings ratio of -3.77 and a beta of 1.17. VerifyMe has a one year low of $1.01 and a one year high of $2.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.36 and a quick ratio of 1.35.

VerifyMe (NASDAQ:VRME) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The company had revenue of $5.34 million during the quarter, compared to the consensus estimate of $6.00 million. VerifyMe had a negative return on equity of 19.54% and a negative net margin of 11.23%. On average, equities research analysts anticipate that VerifyMe will post -0.23 earnings per share for the current fiscal 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.