VerifyMe, Inc. (NASDAQ:VRME) Short Interest Down 69.0% in December

VerifyMe, Inc. (NASDAQ:VRME) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 7,900 shares, a decrease of 69.0% from the December 15th total of 25,500 shares. Based on an average trading volume of 4,190,000 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and issued a $1.50 target price on shares of VerifyMe in a research note on Wednesday, November 13th.

VerifyMe Stock Down 22.5 %

VRME opened at $3.20 on Wednesday. The stock has a market cap of $33.60 million, a PE ratio of -10.32 and a beta of 0.27. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.16. VerifyMe has a 52 week low of $0.58 and a 52 week high of $5.00. The business’s fifty day simple moving average is $1.05 and its 200 day simple moving average is $1.20.

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.