Short Interest in General American Investors, Inc. (NYSE:GAM) Decreases By 57.8%

Key Points

• Short interest in General American Investors, Inc. saw a significant decrease of 57.8%, dropping from 11,600 shares to 4,900 shares as of July 31.
• As of now, 0.0% of the company's shares are sold short, indicating a low level of bearish sentiment among investors.
• Institutional investors have been active, with CWM LLC increasing its stake by 119.8% and several others acquiring new positions valued at over $200,000 in the second quarter.

General American Investors, Inc. (NYSE:GAM - ) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 4,900 shares, adecreaseof57.8% from the July 15th total of 11,600 shares. Currently,0.0% of the company's shares are sold short. Based on an average trading volume of 17,900 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 17,900 shares, the days-to-cover ratio is currently 0.3 days. Currently,0.0% of the company's shares are sold short.

General American Investors Trading Up 0.3%

General American Investors stock traded up $0.16 during midday trading on Friday, reaching $59.01. The company's stock had a trading volume of 12,503 shares, compared to its average volume of 18,333. General American Investors has a 52-week low of $41.80 and a 52-week high of $59.68. The stock's 50-day simple moving average is $56.52 and its 200-day simple moving average is $53.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC grew its stake in General American Investors by 119.8% in the first quarter. CWM LLC now owns 1,321 shares of the investment management company's stock worth $67,000 after purchasing an additional 720 shares in the last quarter. Grimes & Company Inc. acquired a new position in shares of General American Investors during the second quarter valued at about $202,000. Bank of Montreal Can bought a new stake in General American Investors in the second quarter valued at about $203,000. Prospera Financial Services Inc bought a new stake in General American Investors during the second quarter worth about $203,000. Finally, Dymon Asia Capital Singapore PTE. LTD. bought a new stake in shares of General American Investors during the second quarter valued at approximately $222,000. 36.85% of the stock is owned by institutional investors and hedge funds.

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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