General American Investors, Inc. (NYSE:GAM) Sees Large Drop in Short Interest

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 - Get Free Report) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 4,900 shares, adropof57.8% from the July 15th total of 11,600 shares. Currently,0.0% of the shares of the stock are sold short. Based on an average daily volume of 17,900 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 17,900 shares, the days-to-cover ratio is currently 0.3 days. Currently,0.0% of the shares of the stock are sold short.

Institutional Trading of General American Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC lifted its holdings 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 valued at $67,000 after buying an additional 720 shares during the period. Grimes & Company Inc. bought a new stake in shares of General American Investors during the 2nd quarter valued at $202,000. Bank of Montreal Can acquired a new position in shares of General American Investors in the 2nd quarter valued at $203,000. Prospera Financial Services Inc acquired a new stake in shares of General American Investors during the second quarter worth $203,000. Finally, Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of General American Investors during the 2nd quarter worth about $222,000. 36.85% of the stock is owned by institutional investors.

General American Investors Trading Up 1.8%

GAM traded up $1.0650 during trading on Friday, hitting $60.1250. The company's stock had a trading volume of 32,086 shares, compared to its average volume of 21,822. The firm's 50 day moving average price is $56.88 and its two-hundred day moving average price is $53.25. General American Investors has a 12 month low of $41.80 and a 12 month high of $60.15.

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.