Verra Mobility Co. (NASDAQ:VRRM) Sees Significant Decline in Short Interest

Verra Mobility Co. (NASDAQ:VRRM) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 2,710,000 shares, a drop of 24.1% from the January 31st total of 3,570,000 shares. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is presently 2.6 days.

Institutional Trading of Verra Mobility

Several hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in shares of Verra Mobility by 192.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after acquiring an additional 745 shares during the period. Smartleaf Asset Management LLC boosted its position in Verra Mobility by 245.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock worth $56,000 after purchasing an additional 1,640 shares during the period. Avanza Fonder AB purchased a new position in shares of Verra Mobility in the fourth quarter worth about $74,000. Aster Capital Management DIFC Ltd increased its stake in shares of Verra Mobility by 585.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company’s stock worth $114,000 after purchasing an additional 4,031 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Verra Mobility by 10.3% in the third quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $125,000 after purchasing an additional 418 shares during the period.

Verra Mobility Stock Performance

Shares of NASDAQ:VRRM traded down $0.82 during mid-day trading on Wednesday, reaching $21.75. The company had a trading volume of 520,330 shares, compared to its average volume of 1,051,450. Verra Mobility has a one year low of $21.29 and a one year 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. The company’s 50-day moving average price is $25.40 and its 200-day moving average price is $25.56. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 2.18 and a beta of 1.30.

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.