VerifyMe, Inc. (NASDAQ:VRME) Short Interest Up 677.6% in February

VerifyMe, Inc. (NASDAQ:VRME) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 1,248,817 shares, an increase of 677.6% from the January 29th total of 160,599 shares. Based on an average daily volume of 2,571,101 shares, the short-interest ratio is currently 0.5 days. Approximately 12.5% of the shares of the stock are sold short. Approximately 12.5% of the shares of the stock are sold short. Based on an average daily volume of 2,571,101 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of VerifyMe

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VRME. Two Sigma Investments LP boosted its position in VerifyMe by 235.5% during the third quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock valued at $31,000 after acquiring an additional 24,793 shares during the last quarter. Benchmark Financial Wealth Advisors LLC acquired a new position in shares of VerifyMe in the 2nd quarter valued at about $28,000. Centurion Wealth Management LLC bought a new stake in shares of VerifyMe during the 3rd quarter valued at about $34,000. Quantum Financial Planning Services Inc. bought a new stake in shares of VerifyMe during the 4th quarter valued at about $42,000. Finally, State Street Corp grew its stake in VerifyMe by 51.8% during the fourth quarter. State Street Corp now owns 77,359 shares of the company’s stock worth $46,000 after purchasing an additional 26,400 shares during the period. Institutional investors and hedge funds own 8.79% of the company’s stock.

VerifyMe Price Performance

Shares of NASDAQ VRME opened at $0.99 on Thursday. The company has a 50 day simple moving average of $1.00 and a 200 day simple moving average of $0.93. VerifyMe has a 1 year low of $0.55 and a 1 year high of $1.51. The firm has a market cap of $12.29 million, a PE ratio of -2.60 and a beta of 0.36.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wall Street Zen raised VerifyMe to a “hold” rating in a report on Saturday, February 14th. Zacks Research lowered VerifyMe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Barrington Research lifted their target price on VerifyMe from $1.00 to $1.50 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of VerifyMe in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1.50.

VerifyMe Company Profile

VerifyMe, Inc (NASDAQ: VRME) provides authentication and brand protection solutions to help companies secure products, packaging and digital credentials against counterfeiting, diversion and tampering. The company’s offerings combine physical authentication technologies—such as secure printing, invisible inks, RFID/NFC tags and direct part marking—with cloud-based software to create end-to-end track-and-trace capabilities. These integrated solutions enable customers to verify authenticity at every stage of the supply chain, from manufacturing through distribution and retail.

Key product lines include on-demand secure printers and customized label materials, embedded secure elements for item-level tagging, and a centralized data management platform that supports real-time analytics, consumer engagement and regulatory compliance.