VerifyMe, Inc. (NASDAQ:VRME) Short Interest Up 16,862.0% in January

VerifyMe, Inc. (NASDAQ:VRME) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 1,340,000 shares, an increase of 16,862.0% from the December 31st total of 7,900 shares. Based on an average daily volume of 6,070,000 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

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

VerifyMe Stock Performance

VerifyMe stock remained flat at $1.41 during midday trading on Thursday. 1,369,498 shares of the company were exchanged, compared to its average volume of 15,627,979. The firm has a 50 day simple moving average of $1.41 and a two-hundred day simple moving average of $1.30. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.16. VerifyMe has a twelve month low of $0.58 and a twelve month high of $5.00. The stock has a market cap of $14.81 million, a price-to-earnings ratio of -4.55 and a beta of 0.27.

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.