Short Interest in Verra Mobility Co. (NASDAQ:VRRM) Grows By 77.4%

Verra Mobility Co. (NASDAQ:VRRM) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 2,820,000 shares, a growth of 77.4% from the February 28th total of 1,590,000 shares. Based on an average trading volume of 1,180,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.8% of the company’s stock are short sold.

Verra Mobility Stock Performance

Shares of VRRM opened at $20.19 on Friday. The company’s 50 day simple moving average is $24.03 and its 200-day simple moving average is $24.75. The firm has a market cap of $3.22 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. Verra Mobility has a 12-month low of $19.51 and a 12-month high of $31.03. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Armis Advisers LLC acquired a new stake in shares of Verra Mobility during the fourth quarter worth about $307,000. Public Employees Retirement System of Ohio grew its stake in shares of Verra Mobility by 14.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 262,479 shares of the company’s stock valued at $6,347,000 after purchasing an additional 32,627 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Verra Mobility by 25.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,064,618 shares of the company’s stock valued at $49,922,000 after purchasing an additional 421,377 shares during the period. Sovereign s Capital Management LLC purchased a new stake in shares of Verra Mobility during the fourth quarter worth approximately $1,186,000. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Verra Mobility by 28.7% during the fourth quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company’s stock worth $107,862,000 after purchasing an additional 994,775 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley decreased their price objective on shares of Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday.

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.