VerifyMe, Inc. (NASDAQ:VRME) Short Interest Up 69.8% in March

VerifyMe, Inc. (NASDAQ:VRME) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 48,900 shares, a growth of 69.8% from the March 15th total of 28,800 shares. Based on an average daily volume of 32,600 shares, the short-interest ratio is currently 1.5 days.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an “outperform” rating and set a $1.70 price target on shares of VerifyMe in a report on Friday, March 22nd.

Hedge Funds Weigh In On VerifyMe

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in VerifyMe by 14.6% during the fourth quarter. Vanguard Group Inc. now owns 217,986 shares of the company’s stock worth $244,000 after purchasing an additional 27,792 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of VerifyMe by 52.4% during the second quarter. Renaissance Technologies LLC now owns 46,200 shares of the company’s stock worth $64,000 after acquiring an additional 15,892 shares during the period. LPL Financial LLC bought a new stake in shares of VerifyMe during the second quarter worth approximately $67,000. MML Investors Services LLC bought a new stake in shares of VerifyMe during the first quarter worth approximately $383,000. Finally, HighTower Advisors LLC boosted its holdings in shares of VerifyMe by 492.0% during the first quarter. HighTower Advisors LLC now owns 89,095 shares of the company’s stock worth $171,000 after acquiring an additional 74,046 shares during the period. Institutional investors own 8.79% of the company’s stock.

VerifyMe Trading Down 4.9 %

VerifyMe stock opened at $1.56 on Friday. VerifyMe has a 52 week low of $0.85 and a 52 week high of $2.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.49 and a current ratio of 1.50. The stock has a market capitalization of $15.83 million, a P/E ratio of -4.46 and a beta of 1.08. The stock has a 50-day simple moving average of $1.28 and a 200 day simple moving average of $1.16.

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.