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

VerifyMe, Inc. (NASDAQ:VRME) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 81,504 shares, a decline of 51.8% from the April 15th total of 169,131 shares. Based on an average daily trading volume, of 51,950 shares, the short-interest ratio is presently 1.6 days. Approximately 0.8% of the shares of the stock are sold short.

Analyst Ratings Changes

VRME has been the subject of a number of research reports. Zacks Research cut shares of VerifyMe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of VerifyMe in a research note on Monday, April 20th. Finally, Wall Street Zen downgraded VerifyMe from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1.50.

Institutional Trading of VerifyMe

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its holdings 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 during the period. State Street Corp raised its stake in VerifyMe by 51.8% during the fourth quarter. State Street Corp now owns 77,359 shares of the company’s stock worth $46,000 after purchasing an additional 26,400 shares during the period. Quantum Financial Planning Services Inc. acquired a new position in shares of VerifyMe in the 4th quarter valued at $42,000. Finally, Two Sigma Investments LP boosted its holdings in shares of VerifyMe by 235.5% in the 3rd quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock valued at $31,000 after purchasing an additional 24,793 shares during the last quarter. Hedge funds and other institutional investors own 8.79% of the company’s stock.

VerifyMe Stock Performance

VRME stock opened at $0.72 on Friday. The company has a 50 day moving average price of $0.84 and a two-hundred day moving average price of $0.89. The stock has a market capitalization of $9.45 million, a P/E ratio of -1.90 and a beta of 0.40. VerifyMe has a one year low of $0.59 and a one year high of $1.51.

VerifyMe (NASDAQ:VRME) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $1.77 million for the quarter, compared to analysts’ expectations of $2.23 million. VerifyMe had a negative return on equity of 11.72% and a negative net margin of 29.91%.

VerifyMe Company Profile

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.