VerifyMe, Inc. (NASDAQ:VRME – Get Free Report) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 255,600 shares, a growth of 22.5% from the February 13th total of 208,600 shares. Based on an average trading volume of 6,390,000 shares, the short-interest ratio is presently 0.0 days. Approximately 3.1% of the company’s shares are sold short.
Wall Street Analyst Weigh In
Separately, Barrington Research dropped their target price on shares of VerifyMe from $1.50 to $1.25 and set an “outperform” rating for the company in a research report on Friday, March 7th.
Read Our Latest Report on VRME
VerifyMe Stock Performance
VerifyMe Company Profile
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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