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

VerifyMe, Inc. (NASDAQ:VRME) was the target of a large increase in short interest during the month of 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 trading volume, of 6,070,000 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

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

VerifyMe Stock Performance

VerifyMe stock opened at $1.41 on Friday. VerifyMe has a 52-week low of $0.58 and a 52-week high of $5.00. The company has a market cap of $15.37 million, a P/E ratio of -4.55 and a beta of 0.27. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $1.42 and a two-hundred day simple moving average of $1.31.

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.