VerifyMe, Inc. (NASDAQ:VRME) Stock Short Interest Report for September
by Renee Jackson · The Cerbat GemVerifyMe, Inc. (NASDAQ:VRME – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 95,379 shares, an increase of 59.7% from the September 15th total of 59,711 shares. Currently, 9.0% of the company’s shares are short sold. Based on an average trading volume of 1,466,202 shares, the short-interest ratio is currently 0.1 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of VerifyMe in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.00.
Read Our Latest Stock Analysis on VerifyMe
VerifyMe Stock Performance
VRME stock traded down $0.09 during mid-day trading on Friday, hitting $8.89. 101,060 shares of the company were exchanged, compared to its average volume of 812,426. The firm has a market cap of $11.70 million, a P/E ratio of -2.22 and a beta of 0.32. The firm’s 50 day simple moving average is $7.80 and its 200 day simple moving average is $7.37. VerifyMe has a 1-year low of $5.90 and a 1-year high of $19.50.
VerifyMe (NASDAQ:VRME – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.06. The firm had revenue of $1.91 million for the quarter, compared to analyst estimates of $2.71 million. VerifyMe had a negative net margin of 47.08% and a negative return on equity of 17.16%.
VerifyMe Dividend Announcement
The business also recently disclosed a special dividend, which was paid on Friday, October 2nd. Investors of record on Tuesday, September 29th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, September 29th.
About VerifyMe
VerifyMe, Inc (NASDAQ: VRME) provides brand protection, product authentication, and consumer engagement solutions. Its technologies are designed to help companies identify counterfeit or diverted products, protect intellectual property, and improve visibility across product supply chains.
The company’s offerings include overt and covert authentication features, serialized product identification, track-and-trace capabilities, and digital tools that allow consumers and channel partners to verify products.