Vertiv's short interest fell as earnings beat expectations, while Virtus shares dropped despite a higher dividend yield.

Vertiv Holdings Co (VRTX) saw short interest fall 14.9% in December, to 12.91 million shares. The company reported higher-than-expected earnings of $0.76 per share in the latest quarter and increased its quarterly dividend to $0.0375. Several institutional investors have increased holdings, with institutions now owning 89.92% of the stock. Meanwhile, Virtus Investment Partners (VRTS) shares dropped 1.1%, with analysts raising their target prices but maintaining a "Hold" rating. Virtus offers a $9 annual dividend, yielding 4.06%.

2 months ago
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