VerifyMe, Inc. (NASDAQ:VRME – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 9,600 shares, a growth of 1,820.0% from the August 15th total of 500 shares. Based on an average daily volume of 17,300 shares, the days-to-cover ratio is presently 0.6 days.
VerifyMe Trading Up 1.5 %
Shares of VRME traded up $0.02 during trading hours on Friday, hitting $1.33. The company’s stock had a trading volume of 12,583 shares, compared to its average volume of 19,628. The business has a 50 day simple moving average of $1.24 and a two-hundred day simple moving average of $1.42. 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 52-week low of $0.85 and a 52-week high of $2.45.
VerifyMe (NASDAQ:VRME – Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. VerifyMe had a negative net margin of 7.18% and a negative return on equity of 10.86%. The firm had revenue of $5.35 million during the quarter, compared to analyst estimates of $5.71 million. During the same period in the previous year, the business posted ($0.11) EPS. As a group, equities research analysts anticipate that VerifyMe will post -0.19 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on VerifyMe
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.
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