VerifyMe, Inc. (NASDAQ:VRME) Short Interest Update

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

VerifyMe Price Performance

Shares of NASDAQ:VRME opened at $0.66 on Monday. The business’s 50-day moving average is $0.82 and its 200 day moving average is $0.86. VerifyMe has a 1 year low of $0.55 and a 1 year high of $5.00. The firm has a market capitalization of $8.16 million, a P/E ratio of -1.73 and a beta of 0.30.

VerifyMe (NASDAQ:VRME) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. VerifyMe had a negative return on equity of 11.64% and a negative net margin of 21.78%.The business had revenue of $5.03 million for the quarter, compared to analyst estimates of $4.89 million. On average, analysts expect that VerifyMe will post -0.15 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VRME. Two Sigma Investments LP grew its holdings in shares of VerifyMe by 235.5% during the third quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock valued at $31,000 after buying an additional 24,793 shares during the last quarter. Benchmark Financial Wealth Advisors LLC acquired a new stake in VerifyMe during the 2nd quarter worth about $28,000. Finally, Centurion Wealth Management LLC acquired a new stake in VerifyMe during the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 8.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VerifyMe in a research report on Wednesday, October 8th. Wall Street Zen raised shares of VerifyMe to a “hold” rating in a research report on Saturday, October 11th. Finally, Barrington Research set a $1.00 price target on shares of VerifyMe in a report on Tuesday, November 18th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $1.25.

VerifyMe Company Profile

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.