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

VerifyMe, Inc. (NASDAQ:VRME) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 3,200 shares, a decrease of 77.8% from the July 15th total of 14,400 shares. Based on an average daily trading volume, of 25,500 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Barrington Research lowered their target price on shares of VerifyMe from $2.00 to $1.70 and set an “outperform” rating on the stock in a research report on Friday, May 24th.

VerifyMe Stock Performance

Shares of VRME stock remained flat at $1.05 during trading hours on Monday. 11,069 shares of the stock traded hands, compared to its average volume of 32,103. The stock has a fifty day moving average of $1.35 and a two-hundred day moving average of $1.40. The firm has a market capitalization of $10.69 million, a PE ratio of -4.57 and a beta of 0.63. VerifyMe has a twelve month low of $0.85 and a twelve month high of $2.45. The company has a current ratio of 1.87, a quick ratio of 1.86 and a debt-to-equity ratio of 0.15.

VerifyMe (NASDAQ:VRME) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of $5.76 million for the quarter, compared to analyst estimates of $5.92 million. VerifyMe had a negative net margin of 9.30% and a negative return on equity of 16.79%. During the same period in the prior year, the business earned ($0.11) earnings per share. On average, equities analysts expect that VerifyMe will post -0.25 EPS for the current fiscal year.

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.