VerifyMe, Inc. (NASDAQ:VRME) Short Interest Down 46.6% in March

VerifyMe, Inc. (NASDAQ:VRME) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 136,600 shares, a decline of 46.6% from the February 28th total of 255,600 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily volume of 6,380,000 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Barrington Research reduced their price target on shares of VerifyMe from $1.50 to $1.25 and set an “outperform” rating on the stock in a research report on Friday, March 7th.

VerifyMe Stock Down 6.8 %

NASDAQ:VRME opened at $0.67 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $1.15 and a 200-day moving average of $1.23. The firm has a market capitalization of $7.31 million, a PE ratio of -2.16 and a beta of 0.34. VerifyMe has a 52 week low of $0.57 and a 52 week high of $5.00.

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.