Short Interest in Gencor Industries, Inc. (NASDAQ:GENC) Decreases By 29.4%

Key Points

• Short interest in Gencor Industries decreased by 29.4% in August, with a total of 33,600 shares short sold, down from 47,600 shares.
• Gencor Industries stock price saw a minor decline of 0.3%, opening at $15.24, with a market cap of $223.39 million.
• Several institutional investors, including Nuveen LLC and Martin & Co. Inc. TN, increased their stakes in Gencor Industries, indicating growing interest in the company's stock.

Gencor Industries, Inc. (NASDAQ:GENC - ) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 33,600 shares, a decline of 29.4% from the August 15th total of 47,600 shares. Based on an average daily volume of 42,800 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the company's stock are short sold. Currently, 0.3% of the company's stock are short sold. Based on an average daily volume of 42,800 shares, the days-to-cover ratio is currently 0.8 days.

Gencor Industries Stock Down 0.3%

Shares of NASDAQ:GENC opened at $15.24 on Tuesday. The company's fifty day moving average is $15.27 and its two-hundred day moving average is $13.86. Gencor Industries has a 12-month low of $10.80 and a 12-month high of $22.82. The company has a market cap of $223.39 million, a P/E ratio of 13.85 and a beta of 0.55.

Institutional Trading of Gencor Industries

Several large investors have recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Gencor Industries in the first quarter worth $560,000. Martin & Co. Inc. TN increased its stake in shares of Gencor Industries by 14.4% in the second quarter. Martin & Co. Inc. TN now owns 292,227 shares of the company's stock worth $4,091,000 after acquiring an additional 36,728 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Gencor Industries by 18.0% in the second quarter. Gamco Investors INC. ET AL now owns 224,460 shares of the company's stock worth $3,142,000 after acquiring an additional 34,260 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Gencor Industries in the first quarter worth $207,000. Finally, Jane Street Group LLC acquired a new position in shares of Gencor Industries in the first quarter worth $194,000.

Gencor Industries Company Profile

Gencor Industries, Inc, together with its subsidiaries, designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment. It offers hot-mix asphalt plants to produce asphalt paving materials; related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components; and a range of mobile batch plants.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.