General American Investors, Inc. (NYSE:GAM) Short Interest Down 59.2% in August

Key Points

• Short interest fell 59.2% in August to 1,616 shares from 3,960 shares, representing approximately 0.0% of GAM’s outstanding stock and just 0.1 days of average trading volume.
• Institutional investors generally increased their positions, with Royal Bank of Canada, Bank of America, and Osaic Holdings among those expanding stakes. Institutional investors collectively own 36.85% of the company.
• GAM shares opened at $67.47, near their 52-week high of $68.57, and above both the 50-day moving average of $65.26 and the 200-day moving average of $63.28.

General American Investors, Inc. (NYSE:GAM - Get Free Report) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,616 shares, a drop of 59.2% from the July 30th total of 3,960 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 19,726 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of General American Investors

Large investors have recently modified their holdings of the company. Royal Bank of Canada grew its stake in General American Investors by 38.3% in the first quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company's stock worth $9,871,000 after purchasing an additional 54,223 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of General American Investors by 2.2% in the 2nd quarter. Raymond James Financial Inc. now owns 25,706 shares of the investment management company's stock worth $1,441,000 after buying an additional 550 shares during the period. Bank of America Corp DE lifted its holdings in shares of 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 buying an additional 10,607 shares during the period. Osaic Holdings Inc. grew its position in shares of General American Investors by 41.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,755 shares of the investment management company's stock worth $210,000 after buying an additional 1,103 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of General American Investors by 2.1% during the 3rd quarter. First Trust Advisors LP now owns 36,975 shares of the investment management company's stock worth $2,300,000 after buying an additional 756 shares in the last quarter. Hedge funds and other institutional investors own 36.85% of the company's stock.

General American Investors Trading Down 0.2%

Shares of GAM opened at $67.47 on Friday. The company has a 50-day moving average of $65.26 and a 200 day moving average of $63.28. General American Investors has a 1-year low of $56.24 and a 1-year high of $68.57.

About General American Investors

General American Investors Company, Inc is a diversified closed-end management investment company listed on the New York Stock Exchange under the ticker GAM. The firm primarily allocates capital to equity and equity-related securities of publicly traded companies, aiming to generate long-term capital appreciation for its shareholders. Its flexible mandate allows investment across a broad range of industries and market capitalizations.

The company follows a value-oriented, fundamental research approach, conducting in-depth analysis to identify undervalued businesses with strong growth potential.

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