Verra Mobility Co. (NASDAQ:VRRM) Short Interest Down 24.1% in February

Verra Mobility Co. (NASDAQ:VRRM) was the recipient of a large decline in short interest in 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 volume of 1,050,000 shares, the short-interest ratio is currently 2.6 days.

Verra Mobility Stock Down 3.6 %

Shares of VRRM stock traded down $0.82 during trading hours on Wednesday, reaching $21.75. The company had a trading volume of 520,330 shares, compared to its average volume of 1,051,450. The business has a fifty day simple moving average of $25.40 and a 200-day simple moving average of $25.56. Verra Mobility has a 12 month low of $21.29 and a 12 month high of $31.03. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 36.26, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52.

Institutional Inflows and Outflows

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

About Verra Mobility

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.