Virtu Financial, Inc. (NYSE:VIRT) Short Interest Up 22.1% in December

Virtu Financial, Inc. (NYSE:VIRT) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 4,192,132 shares, a growth of 22.1% from the December 15th total of 3,434,241 shares. Approximately 5.1% of the company’s shares are sold short. Based on an average daily volume of 869,431 shares, the days-to-cover ratio is currently 4.8 days. Based on an average daily volume of 869,431 shares, the days-to-cover ratio is currently 4.8 days. Approximately 5.1% of the company’s shares are sold short.

Virtu Financial Stock Up 2.8%

Shares of VIRT traded up $0.99 during trading on Monday, reaching $36.87. 1,333,782 shares of the company traded hands, compared to its average volume of 935,278. The business’s 50-day moving average is $34.40. The firm has a market cap of $5.64 billion, a PE ratio of 8.48, a PEG ratio of 1.36 and a beta of 0.58. Virtu Financial has a twelve month low of $31.55 and a twelve month high of $45.77. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.46 and a current ratio of 0.46.

Virtu Financial (NYSE:VIRT) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.81 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.81. The business had revenue of $467.02 million during the quarter, compared to analysts’ expectations 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 subject of a number of recent analyst reports. Zacks Research upgraded shares of Virtu Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Virtu Financial in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

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.