Vroom, Inc. (NASDAQ:VRM) Short Interest Up 54.9% in March

Vroom, Inc. (NASDAQ:VRM) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 354,000 shares, a growth of 54.9% from the February 29th total of 228,500 shares. Based on an average daily volume of 169,900 shares, the short-interest ratio is presently 2.1 days. Approximately 23.0% of the company’s shares are short sold.

Vroom Price Performance

VRM opened at $13.43 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.92 and a debt-to-equity ratio of 3.72. The company has a market cap of $24.04 million, a price-to-earnings ratio of -0.06 and a beta of 1.90. The stock has a fifty day simple moving average of $14.75 and a two-hundred day simple moving average of $47.62. Vroom has a 12-month low of $8.11 and a 12-month high of $225.60.

Insider Buying and Selling at Vroom

In related news, CEO Thomas H. Shortt sold 587 shares of Vroom stock in a transaction on Friday, January 5th. The shares were sold at an average price of $43.20, for a total value of $25,358.40. Following the sale, the chief executive officer now owns 39,660 shares in the company, valued at $1,713,312. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its holdings in Vroom by 88.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 85,800 shares of the company’s stock worth $52,000 after purchasing an additional 40,200 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Vroom by 5.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 306,788 shares of the company’s stock worth $185,000 after purchasing an additional 16,640 shares in the last quarter. Gabelli Funds LLC grew its stake in shares of Vroom by 16.5% in the 4th quarter. Gabelli Funds LLC now owns 543,972 shares of the company’s stock worth $328,000 after buying an additional 77,200 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Vroom by 49.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,848,377 shares of the company’s stock valued at $4,126,000 after buying an additional 2,275,478 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Vroom by 0.7% during the third quarter. Vanguard Group Inc. now owns 6,290,604 shares of the company’s stock valued at $7,045,000 after buying an additional 44,000 shares during the last quarter. 25.79% of the stock is currently owned by institutional investors.

Vroom Company Profile

Vroom, Inc operates as an automotive finance company. The company offers vehicle financing to its customers through third party dealers under the UACC brand. It also provides artificial intelligence powered analytics and digital services to dealers, automotive financial services companies, and others in the automotive industry for automotive retail.