Short Interest in VerifyMe, Inc. (NASDAQ:VRME) Rises By 468.7%

VerifyMe, Inc. (NASDAQ:VRME) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 1,619,489 shares, a growth of 468.7% from the December 31st total of 284,761 shares. Based on an average daily trading volume, of 20,842,289 shares, the short-interest ratio is currently 0.1 days. Currently, 16.2% of the shares of the stock are sold short. Currently, 16.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,842,289 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Several research analysts recently weighed in on VRME shares. Wall Street Zen raised VerifyMe to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of VerifyMe in a research report on Wednesday, January 21st. Zacks Research upgraded VerifyMe from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Finally, Barrington Research upped their price objective on shares of VerifyMe from $1.00 to $1.50 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1.50.

VerifyMe Price Performance

VRME stock opened at $1.20 on Wednesday. The stock has a market cap of $14.93 million, a price-to-earnings ratio of -3.16 and a beta of 0.30. The company has a fifty day moving average price of $0.85 and a two-hundred day moving average price of $0.90. VerifyMe has a one year low of $0.55 and a one year high of $1.72.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Quantum Financial Planning Services Inc. bought a new stake in shares of VerifyMe in the 4th quarter valued at about $42,000. Centurion Wealth Management LLC bought a new position in shares of VerifyMe during the third quarter valued at about $34,000. Benchmark Financial Wealth Advisors LLC bought a new stake in shares of VerifyMe during the 2nd quarter worth $28,000. Finally, Two Sigma Investments LP increased its position in VerifyMe by 235.5% in 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 during the last quarter. Institutional investors own 8.79% of the company’s stock.

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.