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

by · The Cerbat Gem

VerifyMe, Inc. (NASDAQ:VRME – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 13,700 shares, an increase of 42.7% from the August 31st total of 9,600 shares. Based on an average daily volume of 16,900 shares, the short-interest ratio is presently 0.8 days.

Analysts Set New Price Targets

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

Get Our Latest Stock Report on VRME

VerifyMe Stock Up 5.3 %

Shares of NASDAQ:VRME opened at $1.40 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.73 and a current ratio of 1.74. VerifyMe has a 52-week low of $0.85 and a 52-week high of $2.45. The firm has a market capitalization of $14.55 million, a P/E ratio of -6.09 and a beta of 0.65. The stock has a 50 day moving average price of $1.25 and a 200-day moving average price of $1.43.

VerifyMe (NASDAQ:VRME – Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. VerifyMe had a negative return on equity of 10.86% and a negative net margin of 7.18%. The business had revenue of $5.35 million during the quarter, compared to the consensus estimate of $5.71 million. During the same quarter in the prior year, the company earned ($0.11) earnings per share. As a group, equities research analysts anticipate that VerifyMe will post -0.19 EPS for the current fiscal year.

VerifyMe Company Profile

(Get Free Report)

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.

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