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

VerifyMe, Inc. (NASDAQ:VRME) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 1,619,489 shares, an increase of 468.7% from the December 31st total of 284,761 shares. Approximately 16.2% of the shares of the stock are sold short. Based on an average daily volume of 20,842,289 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 20,842,289 shares, the days-to-cover ratio is currently 0.1 days. Approximately 16.2% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of VerifyMe to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of VerifyMe in a research note on Wednesday, January 21st. Barrington Research raised their price objective on VerifyMe from $1.00 to $1.50 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Finally, Zacks Research raised VerifyMe from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, VerifyMe presently has a consensus rating of “Moderate Buy” and an average target price of $1.50.

VerifyMe Stock Performance

Shares of NASDAQ VRME opened at $1.28 on Friday. VerifyMe has a fifty-two week low of $0.55 and a fifty-two week high of $1.54. The company has a market cap of $15.92 million, a price-to-earnings ratio of -3.37 and a beta of 0.30. The business’s 50 day moving average price is $0.87 and its 200-day moving average price is $0.91.

VerifyMe (NASDAQ:VRME) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. VerifyMe had a negative return on equity of 11.64% and a negative net margin of 21.78%.The company had revenue of $5.03 million for the quarter, compared to the consensus estimate of $4.89 million. Sell-side analysts predict that VerifyMe will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On VerifyMe

A number of institutional investors have recently modified their holdings of the stock. Quantum Financial Planning Services Inc. bought a new stake in shares of VerifyMe during the fourth quarter valued at approximately $42,000. Centurion Wealth Management LLC purchased a new position in VerifyMe during the 3rd quarter worth $34,000. Benchmark Financial Wealth Advisors LLC bought a new stake in VerifyMe during the 2nd quarter valued at $28,000. Finally, Two Sigma Investments LP lifted its holdings in shares of VerifyMe by 235.5% in the 3rd quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock worth $31,000 after buying an additional 24,793 shares during the period. 8.79% of the stock is owned by hedge funds and other institutional investors.

VerifyMe Company Profile

VerifyMe, Inc (NASDAQ: VRME) provides authentication and brand protection solutions to help companies secure products, packaging and digital credentials against counterfeiting, diversion and tampering. The company’s offerings combine physical authentication technologies—such as secure printing, invisible inks, RFID/NFC tags and direct part marking—with cloud-based software to create end-to-end track-and-trace capabilities. These integrated solutions enable customers to verify authenticity at every stage of the supply chain, from manufacturing through distribution and retail.

Key product lines include on-demand secure printers and customized label materials, embedded secure elements for item-level tagging, and a centralized data management platform that supports real-time analytics, consumer engagement and regulatory compliance.