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

VerifyMe, Inc. (NASDAQ:VRME) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 70,400 shares, a decrease of 48.5% from the March 15th total of 136,600 shares. Based on an average daily trading volume, of 4,360,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.9% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reduced their price target on VerifyMe from $1.50 to $1.25 and set an “outperform” rating for the company in a research note on Friday, March 7th.

VerifyMe Stock Performance

NASDAQ VRME opened at $0.67 on Wednesday. VerifyMe has a 1 year low of $0.55 and a 1 year high of $5.00. The firm has a market capitalization of $7.33 million, a price-to-earnings ratio of -2.17 and a beta of 0.49. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.16. The firm’s 50 day simple moving average is $0.83 and its 200 day simple moving average is $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.