VerifyMe, Inc. (NASDAQ:VRME – Get Free Report) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 167,600 shares, a drop of 87.5% from the January 15th total of 1,340,000 shares. Based on an average trading volume of 6,230,000 shares, the short-interest ratio is currently 0.0 days.
VerifyMe Stock Performance
VRME opened at $1.19 on Friday. The company has a 50-day moving average of $1.53 and a 200-day moving average of $1.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.74 and a quick ratio of 1.74. VerifyMe has a 1-year low of $0.58 and a 1-year high of $5.00.
Wall Street Analyst Weigh In
Separately, Barrington Research reissued an “outperform” rating and set a $1.50 price target on shares of VerifyMe in a research report on Wednesday, November 13th.
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.
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