Verra Mobility Co. (NASDAQ:VRRM) Short Interest Down 41.3% in February

Verra Mobility Co. (NASDAQ:VRRM - Get Free Report) saw a large decrease in short interest in 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. Based on an average daily trading volume, of 1,140,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Verra Mobility

Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in Verra Mobility by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock worth $154,000 after buying an additional 409 shares during the last quarter. US Bancorp DE grew its position in Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company's stock worth $125,000 after acquiring an additional 418 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Verra Mobility by 2.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,308 shares of the company's stock valued at $443,000 after purchasing an additional 448 shares in the last quarter. Tealwood Asset Management Inc. boosted 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 boosted 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.

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Verra Mobility Price Performance

VRRM traded up $0.51 during midday trading on Wednesday, reaching $20.83. 1,321,708 shares of the company's stock were exchanged, compared to its average volume of 1,062,472. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The business has a 50-day simple moving average of $24.68 and a two-hundred day simple moving average of $25.07. Verra Mobility has a one year low of $19.51 and a one year high of $31.03. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 34.72, a price-to-earnings-growth 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.