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

VerifyMe, Inc. (NASDAQ:VRME) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 95,379 shares, a growth of 59.7% from the September 15th total of 59,711 shares. Approximately 9.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,466,202 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VerifyMe in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.00.

VerifyMe Stock Performance

The stock’s fifty day moving average price is $7.84 and its two-hundred day moving average price is $7.38. The firm has a market capitalization of $11.70 million, a P/E ratio of -2.22 and a beta of 0.32. VerifyMe has a fifty-two week low of $5.90 and a fifty-two week high of $19.50.

VerifyMe (NASDAQ:VRME) last posted its earnings results on Friday, August 14th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. The company had revenue of $1.91 million for the quarter, compared to analyst estimates of $2.71 million. VerifyMe had a negative net margin of 47.08% and a negative return on equity of 17.16%.

VerifyMe Dividend Announcement

The company also recently announced a special dividend, which was paid on Friday, October 2nd. Shareholders of record on Tuesday, September 29th were paid a $0.15 dividend. The ex-dividend date was Tuesday, September 29th.

About VerifyMe

VerifyMe, Inc (NASDAQ: VRME) provides brand protection, product authentication, and consumer engagement solutions. Its technologies are designed to help companies identify counterfeit or diverted products, protect intellectual property, and improve visibility across product supply chains.

The company’s offerings include overt and covert authentication features, serialized product identification, track-and-trace capabilities, and digital tools that allow consumers and channel partners to verify products.