VerifyMe, Inc. (NASDAQ:VRME) Sees Significant Decline in Short Interest

VerifyMe, Inc. (NASDAQ:VRME) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 7,900 shares, a decline of 19.4% from the October 31st total of 9,800 shares. Based on an average trading volume of 34,200 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an “outperform” rating and set a $1.50 target price on shares of VerifyMe in a research report on Wednesday, November 13th.

VerifyMe Stock Performance

NASDAQ:VRME opened at $0.78 on Friday. The company has a market capitalization of $8.20 million, a P/E ratio of -2.52 and a beta of 0.67. The business has a fifty day simple moving average of $1.19 and a two-hundred day simple moving average of $1.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.74 and a quick ratio of 1.74. VerifyMe has a 1 year low of $0.58 and a 1 year high of $2.45.

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.