Short Interest in Verra Mobility Co. (NASDAQ:VRRM) Drops By 41.3%

Verra Mobility Co. (NASDAQ:VRRM) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 1,590,000 shares, a decrease of 41.3% from the February 13th total of 2,710,000 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 1,140,000 shares, the days-to-cover ratio is presently 1.4 days.

Verra Mobility Stock Up 2.3 %

Shares of NASDAQ:VRRM opened at $20.66 on Friday. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The stock has a market cap of $3.30 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The business’s 50 day moving average is $24.91 and its 200 day moving average is $25.25. Verra Mobility has a 52-week low of $19.51 and a 52-week high of $31.03.

Institutional Trading of Verra Mobility

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. boosted its position in Verra Mobility by 192.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after acquiring an additional 745 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock valued at $56,000 after acquiring an additional 1,640 shares in the last quarter. Avanza Fonder AB bought a new stake in Verra Mobility during the 4th quarter valued at $74,000. Aster Capital Management DIFC Ltd boosted its position in Verra Mobility by 585.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company’s stock valued at $114,000 after acquiring an additional 4,031 shares in the last quarter. Finally, US Bancorp DE boosted its position in Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $125,000 after acquiring an additional 418 shares in the last quarter.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.