Verra Mobility Co. (NASDAQ:VRRM) Sees Significant Growth in Short Interest

Verra Mobility Co. (NASDAQ:VRRM - Get Free Report) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 3,350,000 shares, an increase of 18.8% from the March 15th total of 2,820,000 shares. Approximately 2.1% of the company's shares are short sold. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Investors Weigh In On Verra Mobility

A number of hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its position in shares of Verra Mobility by 2,915.3% during the 4th quarter. American Century Companies Inc. now owns 2,086,049 shares of the company's stock worth $50,441,000 after buying an additional 2,016,866 shares during the period. Norges Bank acquired a new position in shares of Verra Mobility during the fourth quarter valued at about $46,156,000. Sunriver Management LLC bought a new position in shares of Verra Mobility during the 4th quarter worth about $33,503,000. Westwood Holdings Group Inc. grew its stake in shares of Verra Mobility by 28.7% in the 4th quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company's stock valued at $107,862,000 after buying an additional 994,775 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Verra Mobility by 10.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company's stock worth $220,323,000 after buying an additional 837,648 shares during the period.

Verra Mobility Trading Down 0.8 %

Shares of VRRM stock traded down $0.18 during mid-day trading on Friday, hitting $21.91. The company's stock had a trading volume of 1,474,670 shares, compared to its average volume of 1,163,109. The company has a market cap of $3.50 billion, a PE ratio of 36.52, a P/E/G ratio of 2.18 and a beta of 0.91. 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 company's fifty day simple moving average is $22.13 and its 200-day simple moving average is $23.97. Verra Mobility has a 52 week low of $19.51 and a 52 week high of $31.03.

Analyst Ratings Changes

Several research analysts have commented on VRRM shares. Baird R W raised Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Morgan Stanley reduced their target price on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Finally, Robert W. Baird raised shares of Verra Mobility from a "neutral" rating to an "outperform" rating and set a $27.00 target price for the company in a research report on Tuesday.

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.