VerifyMe, Inc. (NASDAQ:VRME) Sees Significant Decrease in Short Interest

VerifyMe, Inc. (NASDAQ:VRME) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 494,954 shares, a drop of 60.4% from the February 12th total of 1,248,817 shares. Based on an average daily trading volume, of 200,215 shares, the days-to-cover ratio is presently 2.5 days. Approximately 5.0% of the company’s stock are short sold. Approximately 5.0% of the company’s stock are short sold. Based on an average daily trading volume, of 200,215 shares, the days-to-cover ratio is presently 2.5 days.

VerifyMe Price Performance

Shares of VRME stock opened at $0.95 on Wednesday. The firm has a market capitalization of $11.84 million, a price-to-earnings ratio of -2.50 and a beta of 0.39. The business has a fifty day moving average of $1.05 and a 200 day moving average of $0.94. VerifyMe has a 1 year low of $0.55 and a 1 year high of $1.51.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Two Sigma Investments LP lifted its holdings in shares of VerifyMe by 235.5% during the third quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock worth $31,000 after purchasing an additional 24,793 shares during the period. Centurion Wealth Management LLC acquired a new position in VerifyMe in the 3rd quarter worth approximately $34,000. Quantum Financial Planning Services Inc. purchased a new position in VerifyMe during the 4th quarter worth approximately $42,000. State Street Corp raised its position in VerifyMe by 51.8% during the 4th quarter. State Street Corp now owns 77,359 shares of the company’s stock worth $46,000 after buying an additional 26,400 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in VerifyMe by 71.4% during the 4th quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock valued at $229,000 after acquiring an additional 158,697 shares during the period. 8.79% of the stock is currently owned by hedge funds and other institutional investors.

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.