Verra Mobility Co. (NASDAQ:VRRM) Short Interest Update

Verra Mobility Co. (NASDAQ:VRRM) was the target of a significant decrease in short interest during the month of 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. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 1,140,000 shares, the days-to-cover ratio is presently 1.4 days.

Verra Mobility Price Performance

VRRM opened at $20.66 on Friday. The stock has a fifty day moving average price of $24.84 and a 200 day moving average price of $25.19. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility has a 1 year low of $19.51 and a 1 year high of $31.03. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 2.18 and a beta of 1.30.

Institutional Investors Weigh In On Verra Mobility

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. raised its position in Verra Mobility by 2,915.3% during the fourth quarter. American Century Companies Inc. now owns 2,086,049 shares of the company’s stock valued at $50,441,000 after acquiring an additional 2,016,866 shares in the last quarter. Norges Bank bought a new position in shares of Verra Mobility during the 4th quarter valued at $46,156,000. Sunriver Management LLC acquired a new stake in shares of Verra Mobility in the 4th quarter valued at $33,503,000. Westwood Holdings Group Inc. boosted its holdings in Verra Mobility by 28.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company’s stock worth $107,862,000 after purchasing an additional 994,775 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Verra Mobility by 13.2% during the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock worth $224,310,000 after buying an additional 941,127 shares during the last quarter.

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.