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Short Interest in General American Investors Company, Inc. (NYSE:GAM) Rises By 18.4%


Short Interest in General American Investors Company, Inc. (NYSE:GAM) Rises By 18.4%

General American Investors Company, Inc. (NYSE:GAM - Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 17,400 shares, a growth of 18.4% from the September 15th total of 14,700 shares. Based on an average daily trading volume, of 35,800 shares, the short-interest ratio is presently 0.5 days.

General American Investors stock traded up $0.09 on Monday, hitting $53.73. The company's stock had a trading volume of 26,082 shares, compared to its average volume of 26,946. The company has a fifty day moving average price of $52.22 and a 200-day moving average price of $49.72. General American Investors has a one year low of $39.12 and a one year high of $54.19.

Several hedge funds have recently added to or reduced their stakes in GAM. Northwestern Mutual Wealth Management Co. grew its holdings in shares of General American Investors by 122.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company's stock worth $34,000 after purchasing an additional 378 shares during the last quarter. BNP Paribas bought a new position in General American Investors in the 1st quarter valued at $35,000. Integrated Capital Management Inc. acquired a new position in General American Investors in the second quarter worth $206,000. Matisse Capital acquired a new stake in shares of General American Investors in the first quarter valued at $247,000. Finally, Cetera Advisors LLC acquired a new position in General American Investors during the 1st quarter worth about $343,000. Institutional investors and hedge funds own 36.85% of the company's stock.

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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