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

VerifyMe, Inc. (NASDAQ:VRME) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 9,600 shares, a growth of 1,820.0% from the August 15th total of 500 shares. Based on an average trading volume of 17,300 shares, the short-interest ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, Barrington Research decreased their price objective on VerifyMe from $2.00 to $1.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th.

VerifyMe Trading Up 7.0 %

Shares of VRME stock traded up $0.09 during mid-day trading on Thursday, reaching $1.41. The stock had a trading volume of 14,657 shares, compared to its average volume of 30,874. The firm has a market capitalization of $14.38 million, a PE ratio of -5.74 and a beta of 0.65. The stock’s 50-day moving average price is $1.24 and its two-hundred day moving average price is $1.42. The company has a current ratio of 1.74, a quick ratio of 1.73 and a debt-to-equity ratio of 0.14. VerifyMe has a 52-week low of $0.85 and a 52-week high of $2.45.

VerifyMe (NASDAQ:VRME) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business earned ($0.11) EPS. Equities analysts expect that VerifyMe will post -0.19 earnings per share for the current fiscal year.

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.