Short Interest in VerifyMe, Inc. (NASDAQ:VRME) Decreases By 19.4%

VerifyMe, Inc. (NASDAQ:VRME) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 7,900 shares, a decrease of 19.4% from the October 31st total of 9,800 shares. Based on an average daily trading volume, of 34,200 shares, the short-interest ratio is presently 0.2 days.

VerifyMe Stock Performance

Shares of VRME opened at $0.78 on Monday. The firm has a fifty day moving average of $1.19 and a 200-day moving average of $1.30. The company has a market cap of $8.20 million, a price-to-earnings ratio of -2.52 and a beta of 0.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.74 and a current ratio of 1.74. VerifyMe has a 1 year low of $0.58 and a 1 year high of $2.45.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and issued a $1.50 target price on shares of VerifyMe in a research note on Wednesday, November 13th.

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.