VerifyMe, Inc. (NASDAQ:VRME – Get Free Report) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 7,900 shares, a drop of 69.0% from the December 15th total of 25,500 shares. Based on an average daily trading volume, of 4,190,000 shares, the days-to-cover ratio is presently 0.0 days.
VerifyMe Stock Down 22.5 %
Shares of NASDAQ:VRME opened at $3.20 on Wednesday. The stock’s 50-day moving average price is $1.05 and its 200-day moving average price is $1.20. VerifyMe has a 12-month low of $0.58 and a 12-month high of $5.00. The stock has a market capitalization of $33.60 million, a P/E ratio of -10.32 and a beta of 0.27. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.16.
Analyst Ratings Changes
Separately, Barrington Research reaffirmed an “outperform” rating and set a $1.50 price objective on shares of VerifyMe in a research note on Wednesday, November 13th.
About VerifyMe
VerifyMe, Inc, together with its subsidiary, PeriShip Global, LLC, operates as a technology solutions provider that specializes in products to connect brands with consumers and providing brands with end-to-end logistics management for their products. The company operates through two segments, VerifyMe Solutions and PeriShip Global Solutions.
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