General American Investors, Inc. (NYSE:GAM) Short Interest Update

Key Points

• Short interest in General American Investors surged by 72.2% in September, increasing from 10,800 shares to 18,600 shares.
• As of the latest trading session, GAM's stock price was $62.62, down 0.1%, with a days-to-cover ratio of 1.1 days based on an average trading volume of 17,500 shares.
• Institutional investors currently hold 36.85% of General American Investors' stock, with notable increases in stakes from firms like Allspring Global Investments and Bank of America.

General American Investors, Inc. (NYSE:GAM - ) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 18,600 shares, a growth of 72.2% from the September 15th total of 10,800 shares. Based on an average trading volume of 17,500 shares, the days-to-cover ratio is currently 1.1 days. Based on an average trading volume of 17,500 shares, the days-to-cover ratio is currently 1.1 days.

General American Investors Trading Down 0.1%

Shares of GAM traded down $0.04 during trading hours on Tuesday, hitting $62.62. The company had a trading volume of 14,885 shares, compared to its average volume of 17,103. General American Investors has a one year low of $41.80 and a one year high of $64.27. The company's fifty day moving average price is $61.26 and its two-hundred day moving average price is $56.41.

Hedge Funds Weigh In On General American Investors

A number of large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in General American Investors by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 397,812 shares of the investment management company's stock valued at $24,748,000 after buying an additional 30,217 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of General American Investors by 41.6% in the 2nd quarter. Osaic Holdings Inc. now owns 3,755 shares of the investment management company's stock valued at $210,000 after purchasing an additional 1,103 shares during the last quarter. Bank of America Corp DE boosted its stake in General American Investors by 34.2% in the 2nd quarter. Bank of America Corp DE now owns 41,648 shares of the investment management company's stock worth $2,334,000 after purchasing an additional 10,607 shares in the last quarter. Raymond James Financial Inc. grew its position in General American Investors by 2.2% during the 2nd quarter. Raymond James Financial Inc. now owns 25,706 shares of the investment management company's stock worth $1,441,000 after purchasing an additional 550 shares during the last quarter. Finally, Dymon Asia Capital Singapore PTE. LTD. acquired a new position in General American Investors during the 2nd quarter valued at approximately $222,000. 36.85% of the stock is currently owned by institutional investors.

General American Investors Company Profile

General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.

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