VerifyMe, Inc. (NASDAQ:VRME) Short Interest Down 44.5% in September

VerifyMe, Inc. (NASDAQ:VRME) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 7,600 shares, a drop of 44.5% from the September 15th total of 13,700 shares. Based on an average daily volume of 17,100 shares, the days-to-cover ratio is presently 0.4 days.

VerifyMe Stock Performance

Shares of NASDAQ:VRME traded up $0.02 during midday trading on Friday, hitting $1.35. The company’s stock had a trading volume of 11,154 shares, compared to its average volume of 15,289. VerifyMe has a fifty-two week low of $0.85 and a fifty-two week high of $2.45. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.73 and a current ratio of 1.74. The stock has a market capitalization of $14.03 million, a price-to-earnings ratio of -7.94 and a beta of 0.66. The stock’s 50 day simple moving average is $1.28 and its 200 day simple moving average is $1.43.

VerifyMe (NASDAQ:VRME) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. VerifyMe had a negative return on equity of 10.86% and a negative net margin of 7.18%. The company had revenue of $5.35 million for the quarter, compared to the consensus estimate of $5.71 million. During the same period in the previous year, the business posted ($0.11) EPS. As a group, research analysts anticipate that VerifyMe will post -0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Barrington Research decreased their price objective on shares of VerifyMe from $2.00 to $1.50 and set an “outperform” rating for the company in a report on Wednesday, August 14th.

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.