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

VerifyMe, Inc. (NASDAQ:VRME) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 167,600 shares, a decline of 87.5% from the January 15th total of 1,340,000 shares. Based on an average daily volume of 6,230,000 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

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

VerifyMe Price Performance

VerifyMe stock opened at $1.15 on Thursday. VerifyMe has a 52-week low of $0.58 and a 52-week high of $5.00. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $1.52 and a two-hundred day moving average price of $1.31.

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.