General American Investors Company, Inc. (NYSE:GAM) Short Interest Update

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

Hedge Funds Weigh In On General American Investors

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in shares of General American Investors by 5.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 730,417 shares of the investment management company’s stock valued at $33,972,000 after acquiring an additional 37,871 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in General American Investors by 22.8% during the second quarter. Wolverine Asset Management LLC now owns 68,305 shares of the investment management company’s stock worth $3,396,000 after buying an additional 12,663 shares during the last quarter. Cornerstone Advisors LLC grew its position in shares of General American Investors by 24.8% during the 2nd quarter. Cornerstone Advisors LLC now owns 441,951 shares of the investment management company’s stock worth $21,974,000 after buying an additional 87,843 shares during the period. Cetera Advisors LLC bought a new stake in shares of General American Investors in the 1st quarter valued at about $343,000. Finally, Shaker Financial Services LLC raised its position in shares of General American Investors by 41.9% in the 2nd quarter. Shaker Financial Services LLC now owns 108,528 shares of the investment management company’s stock valued at $5,396,000 after acquiring an additional 32,065 shares during the period. 36.85% of the stock is currently owned by institutional investors and hedge funds.

General American Investors Stock Performance

Shares of General American Investors stock traded down $0.05 during midday trading on Wednesday, reaching $53.53. The company had a trading volume of 34,042 shares, compared to its average volume of 27,007. The stock has a fifty day simple moving average of $52.42 and a 200 day simple moving average of $49.82. General American Investors has a 1-year low of $39.12 and a 1-year high of $54.19.

About General American Investors

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.