VerifyMe, Inc. (NASDAQ:VRME) Sees Large Increase in Short Interest

VerifyMe, Inc. (NASDAQ:VRME) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 1,248,817 shares, a growth of 677.6% from the January 29th total of 160,599 shares. Approximately 12.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,571,101 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 2,571,101 shares, the days-to-cover ratio is presently 0.5 days. Approximately 12.5% of the shares of the stock are sold short.

VerifyMe Trading Down 3.1%

Shares of NASDAQ VRME traded down $0.03 during midday trading on Wednesday, hitting $0.99. The company’s stock had a trading volume of 234,056 shares, compared to its average volume of 1,474,051. VerifyMe has a 12-month low of $0.55 and a 12-month high of $1.51. The firm has a market cap of $12.29 million, a P/E ratio of -2.60 and a beta of 0.36. The business’s 50 day moving average is $1.00 and its two-hundred day moving average is $0.93.

Institutional Trading of VerifyMe

Large investors have recently made changes to their positions in the stock. Two Sigma Investments LP lifted its holdings in VerifyMe by 235.5% during the 3rd 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 in the last quarter. State Street Corp grew its stake in VerifyMe by 51.8% in the 4th quarter. State Street Corp now owns 77,359 shares of the company’s stock worth $46,000 after acquiring an additional 26,400 shares in the last quarter. Benchmark Financial Wealth Advisors LLC purchased a new position in shares of VerifyMe during the second quarter worth approximately $28,000. Centurion Wealth Management LLC bought a new stake in shares of VerifyMe during the third quarter valued at approximately $34,000. Finally, Quantum Financial Planning Services Inc. bought a new stake in shares of VerifyMe during the fourth quarter valued at approximately $42,000. 8.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on VRME shares. Zacks Research lowered shares of VerifyMe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Wall Street Zen raised VerifyMe to a “hold” rating in a research report on Saturday, February 14th. Barrington Research lifted their price objective on shares of VerifyMe from $1.00 to $1.50 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of VerifyMe in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, VerifyMe has an average rating of “Hold” and an average price target of $1.50.

About VerifyMe

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.