VerifyMe, Inc. (NASDAQ:VRME) Sees Significant Increase in Short Interest

VerifyMe, Inc. (NASDAQ:VRME) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,340,000 shares, an increase of 16,862.0% from the December 31st total of 7,900 shares. Based on an average trading volume of 6,070,000 shares, the days-to-cover ratio is currently 0.2 days.

VerifyMe Stock Performance

Shares of VerifyMe stock opened at $1.41 on Friday. VerifyMe has a fifty-two week low of $0.58 and a fifty-two week high of $5.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market capitalization of $15.37 million, a P/E ratio of -4.55 and a beta of 0.27. The company has a fifty day moving average of $1.42 and a 200 day moving average of $1.31.

Analysts Set New Price Targets

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

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.