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

Verra Mobility Co. (NASDAQ:VRRM) was the recipient of a significant decrease in short interest in the month of 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. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,140,000 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On Verra Mobility

Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its stake in Verra Mobility by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock worth $154,000 after purchasing an additional 409 shares in the last quarter. US Bancorp DE grew its stake in Verra Mobility by 10.3% in the third quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after purchasing an additional 418 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in Verra Mobility by 2.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,308 shares of the company’s stock worth $443,000 after purchasing an additional 448 shares in the last quarter. Tealwood Asset Management Inc. grew its stake in Verra Mobility by 1.4% in the fourth quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company’s stock worth $1,069,000 after purchasing an additional 592 shares in the last quarter. Finally, RiverPark Advisors LLC grew its stake in Verra Mobility by 3.5% in the third quarter. RiverPark Advisors LLC now owns 19,217 shares of the company’s stock worth $534,000 after purchasing an additional 642 shares in the last quarter.

Verra Mobility Trading Up 2.3 %

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

About Verra Mobility

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.