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

VerifyMe, Inc. (NASDAQ:VRME) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 9,800 shares, a growth of 216.1% from the October 15th total of 3,100 shares. Based on an average trading volume of 18,100 shares, the short-interest ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Barrington Research dropped their target price on shares of VerifyMe from $2.00 to $1.50 and set an “outperform” rating on the stock in a report on Wednesday, August 14th.

VerifyMe Stock Down 11.2 %

Shares of VRME stock traded down $0.14 during trading hours on Tuesday, hitting $1.11. 20,075 shares of the company’s stock traded hands, compared to its average volume of 27,970. The stock’s fifty day simple moving average is $1.33 and its two-hundred day simple moving average is $1.40. The stock has a market cap of $11.53 million, a price-to-earnings ratio of -7.35 and a beta of 0.67. VerifyMe has a 12-month low of $0.98 and a 12-month high of $2.45. The company has a quick ratio of 1.73, a current ratio of 1.74 and a debt-to-equity ratio of 0.14.

VerifyMe (NASDAQ:VRME) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $5.35 million for the quarter, compared to analysts’ expectations of $5.71 million. VerifyMe had a negative net margin of 7.18% and a negative return on equity of 10.86%. During the same quarter in the prior year, the company posted ($0.11) earnings per share. On average, analysts expect that VerifyMe will post -0.19 EPS for the current 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.