VerifyMe, Inc. (NASDAQ:VRME) Sees Large Drop in Short Interest

by · The Cerbat Gem

VerifyMe, Inc. (NASDAQ:VRME – Get Free Report) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 70,400 shares, a decline of 48.5% from the March 15th total of 136,600 shares. Based on an average trading volume of 4,360,000 shares, the short-interest ratio is presently 0.0 days. Approximately 0.9% of the shares of the stock are short sold.

VerifyMe Trading Down 1.8 %

VRME traded down $0.01 on Friday, hitting $0.62. 32,259 shares of the company were exchanged, compared to its average volume of 1,693,209. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.74 and a current ratio of 1.74. VerifyMe has a 12 month low of $0.55 and a 12 month high of $5.00. The stock has a market capitalization of $6.76 million, a PE ratio of -2.00 and a beta of 0.49. The firm has a fifty day simple moving average of $0.80 and a two-hundred day simple moving average of $1.15.

Wall Street Analyst Weigh In

Separately, Barrington Research reduced their price objective on VerifyMe from $1.50 to $1.25 and set an “outperform” rating on the stock in a research report on Friday, March 7th.

Check Out Our Latest Report on VerifyMe

VerifyMe Company Profile

(Get Free Report)

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.

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