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

VerifyMe, Inc. (NASDAQ:VRME) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 136,600 shares, a decline of 46.6% from the February 28th total of 255,600 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average daily trading volume, of 6,380,000 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Barrington Research cut their price objective on shares of VerifyMe from $1.50 to $1.25 and set an “outperform” rating on the stock in a report on Friday, March 7th.

VerifyMe Stock Down 0.3 %

NASDAQ:VRME opened at $0.72 on Friday. The company has a quick ratio of 1.74, a current 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 stock’s fifty day simple moving average is $1.21 and its 200-day simple moving average is $1.23. The firm has a market capitalization of $7.85 million, a P/E ratio of -2.32 and a beta of 0.34.

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.