VerifyMe, Inc. (NASDAQ:VRME) Short Interest Up 88.6% in December

VerifyMe, Inc. (NASDAQ:VRME) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 326,232 shares, an increase of 88.6% from the November 30th total of 172,965 shares. Approximately 3.3% of the company’s shares are sold short. Based on an average daily volume of 665,792 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 665,792 shares, the short-interest ratio is presently 0.5 days. Approximately 3.3% of the company’s shares are sold short.

Hedge Funds Weigh In On VerifyMe

Large investors have recently added to or reduced their stakes in the company. Benchmark Financial Wealth Advisors LLC bought a new stake in shares of VerifyMe in the second quarter valued at about $28,000. Centurion Wealth Management LLC acquired a new stake in VerifyMe in the 3rd quarter valued at approximately $34,000. Finally, Two Sigma Investments LP lifted its stake in VerifyMe by 235.5% in the 3rd quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock valued at $31,000 after acquiring an additional 24,793 shares in the last quarter. Institutional investors own 8.79% of the company’s stock.

VerifyMe Stock Performance

Shares of VRME opened at $0.66 on Friday. The stock has a 50 day simple moving average of $0.82 and a 200 day simple moving average of $0.86. VerifyMe has a 52-week low of $0.55 and a 52-week high of $5.00. The firm has a market capitalization of $8.16 million, a PE ratio of -1.73 and a beta of 0.29.

VerifyMe (NASDAQ:VRME) last announced its earnings results on Friday, November 14th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $5.03 million for the quarter, compared to the consensus estimate of $4.89 million. VerifyMe had a negative net margin of 21.78% and a negative return on equity of 11.64%. Equities research analysts predict that VerifyMe will post -0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VRME has been the subject of several analyst reports. Barrington Research set a $1.00 target price on VerifyMe in a research report on Tuesday, November 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of VerifyMe in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of VerifyMe to a “hold” rating in a report on Saturday, October 11th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $1.25.

About VerifyMe

VerifyMe, Inc (NASDAQ: VRME) provides authentication and brand protection solutions to help companies secure products, packaging and digital credentials against counterfeiting, diversion and tampering. The company’s offerings combine physical authentication technologies—such as secure printing, invisible inks, RFID/NFC tags and direct part marking—with cloud-based software to create end-to-end track-and-trace capabilities. These integrated solutions enable customers to verify authenticity at every stage of the supply chain, from manufacturing through distribution and retail.

Key product lines include on-demand secure printers and customized label materials, embedded secure elements for item-level tagging, and a centralized data management platform that supports real-time analytics, consumer engagement and regulatory compliance.