VerifyMe, Inc. (NASDAQ:VRME) Sees Large Decline in Short Interest

VerifyMe, Inc. (NASDAQ:VRME) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 72,800 shares, a decrease of 60.4% from the August 31st total of 183,800 shares. Based on an average daily trading volume, of 3,470,000 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 3,470,000 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Barrington Research raised their price target on VerifyMe from $1.25 to $1.50 and gave the company an “outperform” rating in a report on Thursday, August 14th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, VerifyMe currently has a consensus rating of “Buy” and a consensus target price of $1.50.

Hedge Funds Weigh In On VerifyMe

Several institutional investors have recently added to or reduced their stakes in VRME. US Bancorp DE bought a new position in shares of VerifyMe during the 1st quarter valued at approximately $30,000. Benchmark Financial Wealth Advisors LLC purchased a new stake in VerifyMe during the second quarter valued at $28,000. Finally, SFE Investment Counsel lifted its position in VerifyMe by 30.0% during the first quarter. SFE Investment Counsel now owns 130,000 shares of the company’s stock valued at $88,000 after purchasing an additional 30,000 shares during the last quarter. Hedge funds and other institutional investors own 8.79% of the company’s stock.

VerifyMe Stock Performance

Shares of NASDAQ VRME opened at $0.98 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.04 and a current ratio of 4.06. The company has a market cap of $12.01 million, a P/E ratio of -2.79 and a beta of 0.51. The firm’s fifty day moving average is $0.92 and its two-hundred day moving average is $0.79. VerifyMe has a 52-week low of $0.55 and a 52-week high of $5.00.

VerifyMe (NASDAQ:VRME) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.04. VerifyMe had a negative net margin of 17.16% and a negative return on equity of 14.32%. The business had revenue of $4.52 million during the quarter, compared to the consensus estimate of $4.14 million. As a group, analysts anticipate that VerifyMe will post -0.15 EPS for the current fiscal year.

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.