Short Interest in Verra Mobility Co. (NASDAQ:VRRM) Declines By 24.1%

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

Verra Mobility Stock Performance

Shares of NASDAQ VRRM opened at $22.96 on Tuesday. 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 stock has a 50 day moving average price of $25.42 and a 200 day moving average price of $25.60. The stock has a market capitalization of $3.78 billion, a PE ratio of 38.27, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24. Verra Mobility has a 52 week low of $21.29 and a 52 week high of $31.03.

Hedge Funds Weigh In On Verra Mobility

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Verra Mobility by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock valued at $179,743,000 after acquiring an additional 36,585 shares during the period. Barclays PLC grew its holdings in Verra Mobility by 400.2% during the third quarter. Barclays PLC now owns 294,457 shares of the company’s stock worth $8,189,000 after purchasing an additional 235,589 shares during the period. State Street Corp increased its position in Verra Mobility by 6.0% during the third quarter. State Street Corp now owns 6,301,131 shares of the company’s stock worth $175,234,000 after buying an additional 357,078 shares during the last quarter. Braun Stacey Associates Inc. raised its stake in Verra Mobility by 148.0% in the third quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company’s stock valued at $12,234,000 after buying an additional 262,509 shares during the period. Finally, Citigroup Inc. lifted its position in shares of Verra Mobility by 73.0% in the third quarter. Citigroup Inc. now owns 222,910 shares of the company’s stock valued at $6,199,000 after buying an additional 94,073 shares during 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.