Short Interest in VerifyMe, Inc. (NASDAQ:VRME) Rises By 216.1%

VerifyMe, Inc. (NASDAQ:VRME) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 9,800 shares, an increase 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 for the company in a research report on Wednesday, August 14th.

VerifyMe Trading Down 11.2 %

VerifyMe stock traded down $0.14 during mid-day trading on Tuesday, hitting $1.11. The company’s stock had a trading volume of 20,075 shares, compared to its average volume of 27,970. The business has a 50 day moving average price of $1.33 and a 200-day moving average price of $1.40. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.74 and a quick ratio of 1.73. VerifyMe has a 12 month low of $0.98 and a 12 month high of $2.45. 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 (NASDAQ:VRME) last issued its earnings results on Tuesday, August 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business earned ($0.11) earnings per share. As a group, analysts forecast 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.