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

VerifyMe, Inc. (NASDAQ:VRME) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 136,600 shares, a drop 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 days-to-cover ratio is presently 0.0 days. Approximately 1.7% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Barrington Research reduced 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 Stock Down 0.3 %

VRME stock opened at $0.72 on Friday. 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 stock has a market capitalization of $7.85 million, a P/E ratio of -2.32 and a beta of 0.34. VerifyMe has a fifty-two week low of $0.58 and a fifty-two week high of $5.00. The business has a 50-day moving average of $1.21 and a 200-day moving average of $1.23.

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.