Short Interest in VerifyMe, Inc. (NASDAQ:VRME) Drops By 46.6%

VerifyMe, Inc. (NASDAQ:VRME) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 136,600 shares, a decrease of 46.6% from the February 28th total of 255,600 shares. Based on an average daily trading volume, of 6,380,000 shares, the short-interest ratio is presently 0.0 days. Approximately 1.7% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

VerifyMe Stock Down 6.8 %

VRME opened at $0.67 on Friday. VerifyMe has a 12 month low of $0.57 and a 12 month high of $5.00. The company has a market cap of $7.31 million, a PE ratio of -2.16 and a beta of 0.34. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $1.15 and a 200 day moving average of $1.23.

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.