VerifyMe, Inc. (NASDAQ:VRME) Short Interest Update

VerifyMe, Inc. (NASDAQ:VRME) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 169,131 shares, a decrease of 51.0% from the March 31st total of 344,842 shares. Based on an average daily volume of 79,022 shares, the short-interest ratio is presently 2.1 days. Currently, 1.6% of the company’s shares are sold short.

Hedge Funds Weigh In On VerifyMe

Hedge funds have recently made changes to their positions in the business. Two Sigma Investments LP grew its stake in shares of VerifyMe by 235.5% during the 3rd quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock worth $31,000 after acquiring an additional 24,793 shares in the last quarter. Quantum Financial Planning Services Inc. bought a new position in shares of VerifyMe during the 4th quarter worth approximately $42,000. State Street Corp grew its stake in shares of 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 acquiring an additional 26,400 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of VerifyMe by 71.4% during the 4th quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock worth $229,000 after acquiring an additional 158,697 shares in the last quarter. 8.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen downgraded shares of VerifyMe from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Barrington Research upped their price target on VerifyMe from $1.00 to $1.50 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VerifyMe in a research note on Monday, April 20th. Finally, Zacks Research cut VerifyMe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1.50.

VerifyMe Stock Performance

NASDAQ VRME opened at $0.84 on Monday. The business has a 50 day simple moving average of $0.91 and a 200 day simple moving average of $0.92. VerifyMe has a 52-week low of $0.59 and a 52-week high of $1.51. The stock has a market cap of $11.04 million, a price-to-earnings ratio of -2.21 and a beta of 0.48.

VerifyMe (NASDAQ:VRME) last posted its earnings results on Monday, March 30th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $2.39 million during the quarter, compared to analysts’ expectations of $3.45 million. VerifyMe had a negative return on equity of 11.72% and a negative net margin of 29.91%.

About VerifyMe

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.