VerifyMe, Inc. (NASDAQ:VRME – Get Rating) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 109,300 shares, a drop of 46.0% from the August 15th total of 202,400 shares. Based on an average daily volume of 235,700 shares, the short-interest ratio is presently 0.5 days. Currently, 1.5% of the shares of the stock are sold short.
VerifyMe Price Performance
VRME opened at $1.53 on Wednesday. The company has a fifty day moving average price of $1.63 and a two-hundred day moving average price of $2.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.49 and a current ratio of 2.51. VerifyMe has a 52 week low of $1.17 and a 52 week high of $4.28. The firm has a market capitalization of $12.95 million, a PE ratio of -1.70 and a beta of 1.09.
Get VerifyMe alerts:Analyst Ratings Changes
A number of brokerages recently weighed in on VRME. TheStreet lowered shares of VerifyMe from a "c-" rating to a "d+" rating in a report on Tuesday, June 21st. Barrington Research began coverage on shares of VerifyMe in a report on Thursday, July 14th. They issued an "outperform" rating and a $8.00 price target for the company. Finally, Maxim Group lowered their price target on shares of VerifyMe from $10.00 to $7.00 and set a "buy" rating for the company in a report on Wednesday, August 17th.
VerifyMe Company Profile
(Get Rating)VerifyMe, Inc, a technology solutions provider, provides products to connect brands with consumers in the United States. The company offers VerifyMe Engage services that provides the ability for the brand owner to gather business intelligence and engage with the consumer using authentication test as the initial contact with the consumer.
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