Vroom, Inc. (NASDAQ:VRM) Short Interest Up 20.9% in March

Vroom, Inc. (NASDAQ:VRM) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 48,536 shares, an increase of 20.9% from the February 26th total of 40,139 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 27,188 shares, the short-interest ratio is currently 1.8 days.

Vroom Stock Up 5.1%

Shares of VRM stock opened at $13.31 on Wednesday. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 3.87. Vroom has a 12 month low of $9.04 and a 12 month high of $41.36. The stock has a 50 day moving average of $15.67 and a 200-day moving average of $20.56. The firm has a market cap of $69.35 million, a PE ratio of -0.50 and a beta of 1.26.

Vroom (NASDAQ:VRM) last posted its quarterly earnings data on Thursday, March 26th. The company reported ($1.95) earnings per share (EPS) for the quarter. Vroom had a negative return on equity of 4.47% and a negative net margin of 4.45%.The company had revenue of $43.92 million for the quarter.

Hedge Funds Weigh In On Vroom

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in Vroom by 129.5% in the third quarter. JPMorgan Chase & Co. now owns 1,368 shares of the company’s stock worth $37,000 after purchasing an additional 772 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Vroom during the third quarter valued at approximately $47,000. New York State Common Retirement Fund bought a new stake in shares of Vroom in the 2nd quarter valued at approximately $103,000. General Catalyst Group Management LLC acquired a new position in shares of Vroom in the 2nd quarter worth approximately $218,000. Finally, Mudrick Capital Management L.P. raised its holdings in shares of Vroom by 0.4% in the 2nd quarter. Mudrick Capital Management L.P. now owns 3,967,251 shares of the company’s stock worth $113,106,000 after buying an additional 15,020 shares in the last quarter. Institutional investors and hedge funds own 25.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Vroom in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Vroom

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. The company was formerly known as Auto America, Inc and changed its name to Vroom, Inc in July 2015. Vroom, Inc was incorporated in 2012 and is based in Houston, Texas.