Virtu Financial, Inc. (NYSE:VIRT) Sees Significant Increase in Short Interest
by Renee Jackson · The Cerbat GemVirtu Financial, Inc. (NYSE:VIRT – Get Free Report) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 4,192,132 shares, an increase of 22.1% from the December 15th total of 3,434,241 shares. Based on an average daily trading volume, of 869,431 shares, the short-interest ratio is currently 4.8 days. Approximately 5.1% of the company’s stock are sold short. Approximately 5.1% of the company’s stock are sold short. Based on an average daily trading volume, of 869,431 shares, the short-interest ratio is currently 4.8 days.
Virtu Financial Stock Performance
Shares of VIRT stock traded up $0.99 during mid-day trading on Monday, hitting $36.87. 1,333,782 shares of the stock were exchanged, compared to its average volume of 935,278. The firm’s fifty day moving average price is $34.40. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.20. Virtu Financial has a 12-month low of $31.55 and a 12-month high of $45.77. The company has a market capitalization of $5.64 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 1.36 and a beta of 0.58.
Virtu Financial (NYSE:VIRT – Get Free Report) last posted its earnings results on Wednesday, October 29th. The company reported $0.81 earnings per share for the quarter, meeting the consensus estimate of $0.81. The business had revenue of $467.02 million during the quarter, compared to the consensus estimate of $420.14 million. Virtu Financial had a return on equity of 41.04% and a net margin of 12.09%.
Analyst Ratings Changes
VIRT has been the topic of a number of recent analyst reports. Zacks Research upgraded Virtu Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Virtu Financial in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy”.
Check Out Our Latest Stock Analysis on VIRT
About Virtu Financial
Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.
The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.