Short Interest in VerifyMe, Inc. (NASDAQ:VRME) Decreases By 59.2%

VerifyMe, Inc. (NASDAQ:VRME) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 3,100 shares, a decline of 59.2% from the September 30th total of 7,600 shares. Based on an average daily volume of 17,800 shares, the short-interest ratio is presently 0.2 days.

VerifyMe Stock Up 1.5 %

Shares of VRME opened at $1.35 on Monday. VerifyMe has a one year low of $0.85 and a one year high of $2.45. The company has a 50-day moving average of $1.33 and a two-hundred day moving average of $1.42. The company has a current ratio of 1.74, a quick ratio of 1.73 and a debt-to-equity ratio of 0.14.

VerifyMe (NASDAQ:VRME) last posted its earnings results on Tuesday, August 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $5.35 million during 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 period in the previous year, the company earned ($0.11) earnings per share. As a group, equities analysts anticipate that VerifyMe will post -0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.