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

VerifyMe, Inc. (NASDAQ:VRME) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 160,599 shares, a decrease of 90.1% from the January 15th total of 1,619,489 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 679,531 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 679,531 shares, the short-interest ratio is presently 0.2 days. Currently, 1.6% of the company’s stock are short sold.

Institutional Investors Weigh In On VerifyMe

Several hedge funds have recently bought and sold shares of the stock. Quantum Financial Planning Services Inc. bought a new stake in shares of VerifyMe during the fourth quarter worth approximately $42,000. Centurion Wealth Management LLC bought a new position in shares of VerifyMe during the third quarter worth approximately $34,000. Benchmark Financial Wealth Advisors LLC acquired a new stake in VerifyMe during the 2nd quarter worth approximately $28,000. Finally, 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 worth $31,000 after purchasing an additional 24,793 shares during the last quarter. 8.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on VRME. Zacks Research upgraded shares of VerifyMe from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Weiss Ratings restated a “sell (d-)” rating on shares of VerifyMe in a research note on Wednesday, January 21st. Finally, Barrington Research upped their target price on shares of VerifyMe from $1.00 to $1.50 and gave the company an “outperform” rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1.50.

VerifyMe Price Performance

VRME stock traded down $0.04 during midday trading on Tuesday, reaching $1.05. 91,281 shares of the company were exchanged, compared to its average volume of 794,231. The business has a 50-day moving average price of $0.93 and a two-hundred day moving average price of $0.93. VerifyMe has a one year low of $0.55 and a one year high of $1.51. The firm has a market capitalization of $13.06 million, a price-to-earnings ratio of -2.76 and a beta of 0.36.

VerifyMe (NASDAQ:VRME) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $5.03 million for the quarter, compared to analyst estimates of $4.89 million. VerifyMe had a negative net margin of 21.78% and a negative return on equity of 11.64%. As a group, analysts anticipate that VerifyMe will post -0.15 earnings per share for the current fiscal year.

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.