Short Interest in VerifyMe, Inc. (NASDAQ:VRME) Decreases By 51.8%

VerifyMe, Inc. (NASDAQ:VRME) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 81,504 shares, a decrease of 51.8% from the April 15th total of 169,131 shares. Based on an average daily trading volume, of 51,950 shares, the short-interest ratio is presently 1.6 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Trading of VerifyMe

Several hedge funds have recently bought and sold shares of the stock. LPL Financial LLC lifted its stake in VerifyMe by 71.4% in the fourth 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. bought a new stake in shares of VerifyMe during the fourth quarter worth $42,000. State Street Corp increased its position in shares of VerifyMe by 51.8% during the fourth quarter. State Street Corp now owns 77,359 shares of the company’s stock worth $46,000 after acquiring an additional 26,400 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of VerifyMe by 235.5% during the third quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock worth $31,000 after acquiring an additional 24,793 shares during the period. 8.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VRME shares. Zacks Research lowered shares of VerifyMe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Weiss Ratings restated a “sell (d-)” rating on shares of VerifyMe in a research report on Monday, April 20th. Finally, Wall Street Zen cut VerifyMe from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. One equities 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 stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $1.50.

VerifyMe Trading Up 2.1%

NASDAQ:VRME opened at $0.70 on Friday. VerifyMe has a 1 year low of $0.59 and a 1 year high of $1.51. The stock has a 50-day moving average price of $0.85 and a two-hundred day moving average price of $0.89. The stock has a market cap of $9.12 million, a price-to-earnings ratio of -1.83 and a beta of 0.40.

VerifyMe (NASDAQ:VRME) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). VerifyMe had a negative return on equity of 11.72% and a negative net margin of 29.91%.The company had revenue of $1.77 million for the quarter, compared to analyst estimates of $2.23 million.

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.