Short Interest Reporting: VERIFYME INCORPORATED (OTCMKTS:VRME) Shorted Shares Increased By 12.74%

November 21, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Reporting: VERIFYME INCORPORATED (OTCMKTS:VRME) Shorted Shares Increased By 12.74%

The stock of VERIFYME INCORPORATED (OTCMKTS:VRME) registered an increase of 12.74% in short interest. VRME’s total short interest was 17,700 shares in November as published by FINRA. Its up 12.74% from 15,700 shares, reported previously. With 45,000 shares average volume, it will take short sellers 0 days to cover their VRME’s short positions. The stock closed at $0.318 during the last session. It is down 36.40% since April 19, 2016 and is downtrending. It has underperformed by 40.26% the S&P500.

VerifyMe, Inc., formerly LaserLock Technologies, Inc., operates in the anti-counterfeiting industry. The company has a market cap of $2.89 million. The Firm offers security solutions for identification and authentication of people, products and packaging in a range of applications in the security field for both digital and physical transactions. It currently has negative earnings. The Company’s products are used to manage and issue secure credentials, including national identifications, passports, driver licenses and access control credentials, as well as authentication security software to secure physical and logical access to facilities, computer networks, Internet sites and mobile applications.

VRME Company Profile

VerifyMe, Inc., formerly LaserLock Technologies, Inc., incorporated on November 10, 1999, operates in the anti-counterfeiting industry. The Firm offers security solutions for identification and authentication of people, products and packaging in a range of applications in the security field for both digital and physical transactions. The Company’s products are used to manage and issue secure credentials, including national identifications, passports, driver licenses and access control credentials, as well as authentication security software to secure physical and logical access to facilities, computer networks, Internet sites and mobile applications. The Company’s digital technologies involve the utilization of multiple authentication mechanisms, some of which it owns and some of which it licenses. These mechanisms include biometric factors, knowledge factors, possession factors and location factors. Biometric factors include facial recognition with liveness detection, fingerprint and voice recognition. Knowledge factors include a personal gesture swipe, and a safe and panic color choice. Possession factor includes devices that the user has in their possession, such as a smartphone, smart watch and other wearable computing devices. The location factor geo-locates the user during a secure login.

More notable recent VerifyMe Inc (OTCMKTS:VRME) news were published by: Globenewswire.com which released: “VerifyMe, Inc. and Hewlett-Packard Indigo Sign MOU to Launch Security …” on May 26, 2016, also Globenewswire.com with their article: “Michael Madon Joins VerifyMe as Chairman of the Board of Directors” published on March 01, 2016, Bloomberg.com published: “Startup Backed by Kodak, Alibaba Fights Fakes With Invisible Ink” on July 14, 2016. More interesting news about VerifyMe Inc (OTCMKTS:VRME) were released by: Economictimes.Indiatimes.com and their article: “How Kodak-backed startup eApeiron is fighting fakes with invisible ink” published on July 16, 2016 as well as Fortune.com‘s news article titled: “Wells Fargo plans to scan your face and voice for mobile security” with publication date: June 04, 2015.

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By Winifred Garcia


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