VerifyMe, Inc. (NASDAQ:VRME) Sees Significant Decrease in Short Interest

VerifyMe, Inc. (NASDAQ:VRME) was the recipient of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 494,954 shares, a decrease of 60.4% from the February 12th total of 1,248,817 shares. Based on an average daily trading volume, of 200,215 shares, the days-to-cover ratio is presently 2.5 days. Currently, 5.0% of the company’s shares are short sold. Currently, 5.0% of the company’s shares are short sold. Based on an average daily trading volume, of 200,215 shares, the days-to-cover ratio is presently 2.5 days.

Hedge Funds Weigh In On VerifyMe

Institutional investors and hedge funds have recently made changes to their positions in the business. Two Sigma Investments LP grew its position 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 worth $31,000 after buying an additional 24,793 shares in the last quarter. Centurion Wealth Management LLC acquired a new stake in VerifyMe in the third quarter valued at $34,000. Quantum Financial Planning Services Inc. bought a new position in VerifyMe during the 4th quarter valued at $42,000. State Street Corp boosted its stake in VerifyMe by 51.8% during the 4th quarter. State Street Corp now owns 77,359 shares of the company’s stock valued at $46,000 after acquiring an additional 26,400 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in VerifyMe by 71.4% during the 4th quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock worth $229,000 after acquiring an additional 158,697 shares in the last quarter. 8.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

VerifyMe Price Performance

Shares of VerifyMe stock opened at $0.94 on Thursday. VerifyMe has a 1-year low of $0.55 and a 1-year high of $1.51. The business has a 50-day moving average of $1.06 and a 200-day moving average of $0.94. The company has a market capitalization of $11.64 million, a PE ratio of -2.46 and a beta of 0.39.

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.