VerifyMe, Inc. (NASDAQ:VRME) Short Interest Down 47.5% in May

VerifyMe, Inc. (NASDAQ:VRME) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 54,630 shares, a drop of 47.5% from the May 14th total of 103,971 shares. Based on an average trading volume of 79,575 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the company’s shares are sold short.

Analysts Set New Price Targets

VRME has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of VerifyMe in a report on Monday, April 20th. Wall Street Zen downgraded VerifyMe from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $1.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VRME. LPL Financial LLC grew its stake in VerifyMe by 71.4% in the 4th quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock valued at $229,000 after buying an additional 158,697 shares in the last quarter. Quantum Financial Planning Services Inc. purchased a new position in VerifyMe in the 4th quarter valued at approximately $42,000. 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 valued at $46,000 after buying an additional 26,400 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in VerifyMe by 235.5% in 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. 8.79% of the stock is currently owned by hedge funds and other institutional investors.

VerifyMe Trading Up 1.2%

Shares of NASDAQ:VRME traded up $0.01 during mid-day trading on Monday, reaching $0.70. The company had a trading volume of 15,915 shares, compared to its average volume of 2,245,578. The firm has a market cap of $9.16 million, a price-to-earnings ratio of -1.84 and a beta of 0.34. The company’s 50-day moving average price is $0.76 and its 200-day moving average price is $0.86. VerifyMe has a one year low of $0.59 and a one year high of $1.51.

VerifyMe (NASDAQ:VRME) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The company had revenue of $1.77 million during the quarter, compared to the consensus estimate of $2.23 million. VerifyMe had a negative return on equity of 13.70% and a negative net margin of 36.55%.

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.