Short Interest in VerifyMe, Inc. (NASDAQ:VRME) Drops By 24.4%

VerifyMe, Inc. (NASDAQ:VRME) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 26,000 shares, a decline of 24.4% from the May 31st total of 34,400 shares. Based on an average trading volume of 42,800 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Barrington Research lowered their target price on shares of VerifyMe from $2.00 to $1.70 and set an “outperform” rating on the stock in a report on Friday, May 24th.

VerifyMe Stock Up 1.4 %

Shares of NASDAQ:VRME opened at $1.41 on Friday. The company has a market cap of $14.35 million, a price-to-earnings ratio of -6.13 and a beta of 0.63. The firm’s 50-day simple moving average is $1.63 and its 200-day simple moving average is $1.37. The company has a quick ratio of 1.86, a current ratio of 1.87 and a debt-to-equity ratio of 0.15. VerifyMe has a fifty-two week low of $0.85 and a fifty-two week high of $2.45.

VerifyMe (NASDAQ:VRME) last issued its earnings results on Tuesday, May 14th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of $5.76 million for the quarter, compared to the consensus estimate of $5.92 million. VerifyMe had a negative net margin of 9.30% and a negative return on equity of 16.79%. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. As a group, equities research analysts predict that VerifyMe will post -0.25 earnings per share for the current year.

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.