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

VerifyMe, Inc. (NASDAQ:VRME) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 95,379 shares, a growth of 59.7% from the September 15th total of 59,711 shares. Based on an average trading volume of 1,466,202 shares, the short-interest ratio is currently 0.1 days. Currently, 9.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VerifyMe in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, VerifyMe has a consensus rating of “Hold” and an average target price of $15.00.

VerifyMe Price Performance

The company has a market capitalization of $11.70 million, a price-to-earnings ratio of -2.22 and a beta of 0.32. The stock’s 50 day simple moving average is $7.84 and its two-hundred day simple moving average is $7.38. VerifyMe has a fifty-two week low of $5.90 and a fifty-two week high of $19.50.

VerifyMe (NASDAQ:VRME) last released its earnings results on Friday, August 14th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.06. The company had revenue of $1.91 million for the quarter, compared to the consensus estimate of $2.71 million. VerifyMe had a negative return on equity of 17.16% and a negative net margin of 47.08%.

VerifyMe Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, October 2nd. Shareholders of record on Tuesday, September 29th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, September 29th.

VerifyMe Company Profile

VerifyMe, Inc (NASDAQ: VRME) provides brand protection, product authentication, and consumer engagement solutions. Its technologies are designed to help companies identify counterfeit or diverted products, protect intellectual property, and improve visibility across product supply chains.

The company’s offerings include overt and covert authentication features, serialized product identification, track-and-trace capabilities, and digital tools that allow consumers and channel partners to verify products.