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

VerifyMe, Inc. (NASDAQ:VRME) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 255,600 shares, a growth of 22.5% from the February 13th total of 208,600 shares. Currently, 3.1% of the company’s shares are sold short. Based on an average trading volume of 6,390,000 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Barrington Research dropped their price target on VerifyMe from $1.50 to $1.25 and set an “outperform” rating for the company in a research note on Friday, March 7th.

VerifyMe Stock Performance

Shares of VRME stock opened at $0.82 on Thursday. The stock has a fifty day moving average of $1.52 and a 200 day moving average of $1.26. VerifyMe has a 52 week low of $0.58 and a 52 week high of $5.00. The firm has a market capitalization of $8.92 million, a price-to-earnings ratio of -2.64 and a beta of 0.34. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.16.

About VerifyMe

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.