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

VerifyMe, Inc. (NASDAQ:VRME) saw a significant growth in short interest during 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. Based on an average trading volume of 6,390,000 shares, the short-interest ratio is presently 0.0 days. Approximately 3.1% of the shares of the stock are short sold.

VerifyMe Stock Performance

VRME stock opened at $0.80 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.74 and a quick ratio of 1.74. The company has a 50 day moving average price of $1.55 and a 200 day moving average price of $1.26. VerifyMe has a fifty-two week low of $0.58 and a fifty-two week high of $5.00. The stock has a market capitalization of $8.72 million, a PE ratio of -2.58 and a beta of 0.34.

Wall Street Analyst Weigh In

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

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.