VerifyMe, Inc. (NASDAQ:VRME) Stock Short Interest Report for September

VerifyMe, Inc. (NASDAQ:VRME) was the recipient of a large 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 daily volume of 1,466,202 shares, the short-interest ratio is currently 0.1 days. Currently, 9.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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

VerifyMe Trading Down 1.0%

Shares of VRME traded down $0.09 during trading hours on Friday, hitting $8.89. 101,060 shares of the stock traded hands, compared to its average volume of 812,426. VerifyMe has a 1-year low of $5.90 and a 1-year high of $19.50. The firm has a market capitalization of $11.70 million, a PE ratio of -2.22 and a beta of 0.32. The business has a fifty day moving average of $7.80 and a 200-day moving average of $7.37.

VerifyMe (NASDAQ:VRME) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. VerifyMe had a negative return on equity of 17.16% and a negative net margin of 47.08%. The firm had revenue of $1.91 million during the quarter, compared to analyst estimates of $2.71 million.

VerifyMe Announces Dividend

The business also recently declared a special dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 29th were given a $0.15 dividend. The ex-dividend date was Tuesday, September 29th.

About VerifyMe

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.