VerifyMe, Inc. (NASDAQ:VRME) Short Interest Down 44.5% in September

VerifyMe, Inc. (NASDAQ:VRME) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 7,600 shares, a drop of 44.5% from the September 15th total of 13,700 shares. Based on an average daily volume of 17,100 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Barrington Research dropped their target price on shares of VerifyMe from $2.00 to $1.50 and set an “outperform” rating for the company in a report on Wednesday, August 14th.

VerifyMe Price Performance

Shares of NASDAQ:VRME traded up $0.02 during midday trading on Friday, reaching $1.35. 2,001 shares of the company were exchanged, compared to its average volume of 29,160. The stock has a market cap of $13.97 million, a PE ratio of -7.82 and a beta of 0.66. The business’s fifty day moving average is $1.28 and its two-hundred day moving average is $1.43. VerifyMe has a one year low of $0.85 and a one year high of $2.45. The company has a current ratio of 1.74, a quick ratio of 1.73 and a debt-to-equity ratio of 0.14.

VerifyMe (NASDAQ:VRME) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. VerifyMe had a negative net margin of 7.18% and a negative return on equity of 10.86%. The business had revenue of $5.35 million during the quarter, compared to the consensus estimate of $5.71 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. As a group, analysts predict that VerifyMe will post -0.19 earnings per share for the current 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.