Short Interest in VerifyMe, Inc. (NASDAQ:VRME) Increases By 24.5%

VerifyMe, Inc. (NASDAQ:VRME) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 208,600 shares, a growth of 24.5% from the January 31st total of 167,600 shares. Based on an average daily volume of 6,290,000 shares, the days-to-cover ratio is presently 0.0 days.

VerifyMe Trading Down 18.3 %

VRME opened at $0.78 on Friday. The stock has a market capitalization of $8.51 million, a P/E ratio of -2.52 and a beta of 0.34. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.16. VerifyMe has a 12 month low of $0.58 and a 12 month high of $5.00. The firm’s fifty day simple moving average is $1.62 and its 200 day simple moving average is $1.29.

Analyst Ratings Changes

Separately, Barrington Research restated an “outperform” rating and set a $1.50 target price on shares of VerifyMe in a report 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.