Verra Mobility Co. (NASDAQ:VRRM - Get Free Report) saw a significant decline in short interest in 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 daily trading volume, of 1,050,000 shares, the short-interest ratio is presently 2.6 days.
Verra Mobility Stock Performance
Verra Mobility stock traded down $0.48 during trading hours on Friday, reaching $20.76. 336,150 shares of the stock were exchanged, compared to its average volume of 1,051,269. The stock has a market cap of $3.42 billion, a P/E ratio of 34.68, a P/E/G ratio of 2.18 and a beta of 1.30. The firm's 50 day moving average is $25.35 and its 200 day moving average is $25.54. Verra Mobility has a 52-week low of $20.60 and a 52-week high of $31.03. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.
Hedge Funds Weigh In On Verra Mobility
Institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning boosted its stake in shares of Verra Mobility by 35.2% during the 3rd quarter. Creative Planning now owns 23,410 shares of the company's stock valued at $651,000 after buying an additional 6,093 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of Verra Mobility by 5.1% during the third quarter. New York State Teachers Retirement System now owns 63,123 shares of the company's stock worth $1,755,000 after acquiring an additional 3,044 shares during the last quarter. US Bancorp DE boosted its stake 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 purchasing an additional 418 shares during the period. Principal Financial Group Inc. grew its position in Verra Mobility by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company's stock worth $104,464,000 after purchasing an additional 225,585 shares during the last quarter. Finally, Fiera Capital Corp bought a new stake in shares of Verra Mobility during the third quarter valued at approximately $33,905,000.
About Verra Mobility
(
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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.
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