Gencor Industries, Inc. (NASDAQ:GENC) Short Interest Update

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 - Get Free Report) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 33,600 shares, a decrease of 29.4% from the August 15th total of 47,600 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 42,800 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 42,800 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the shares of the company are sold short.

Gencor Industries Price Performance

Shares of NASDAQ GENC traded down $0.11 during mid-day trading on Friday, reaching $15.14. The company's stock had a trading volume of 112,377 shares, compared to its average volume of 33,171. The stock has a fifty day moving average of $15.26 and a two-hundred day moving average of $13.91. Gencor Industries has a 52 week low of $10.80 and a 52 week high of $22.82. The firm has a market capitalization of $221.92 million, a PE ratio of 13.76 and a beta of 0.55.

Institutional Investors Weigh In On Gencor Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Systematic Financial Management LP grew its stake in Gencor Industries by 0.7% during the 1st quarter. Systematic Financial Management LP now owns 1,186,138 shares of the company's stock worth $14,423,000 after buying an additional 8,073 shares during the last quarter. Royce & Associates LP grew its stake in Gencor Industries by 0.6% during the 1st quarter. Royce & Associates LP now owns 1,172,500 shares of the company's stock worth $14,258,000 after buying an additional 6,500 shares during the last quarter. Martin & Co. Inc. TN grew its stake in Gencor Industries by 14.4% during the 2nd quarter. Martin & Co. Inc. TN now owns 292,227 shares of the company's stock worth $4,091,000 after buying an additional 36,728 shares during the last quarter. Geode Capital Management LLC lifted its position in Gencor Industries by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 240,729 shares of the company's stock worth $3,371,000 after acquiring an additional 2,913 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in Gencor Industries by 18.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 224,460 shares of the company's stock valued at $3,142,000 after purchasing an additional 34,260 shares during the last quarter.

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.