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

General American Investors, Inc. (NYSE:GAM) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 251 shares, a drop of 84.5% from the August 15th total of 1,616 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 13,088 shares, the short-interest ratio is currently 0.0 days.

General American Investors Trading Up 0.5%

GAM traded up $0.34 during trading on Friday, hitting $65.79. 8,203 shares of the stock were exchanged, compared to its average volume of 27,624. General American Investors has a 1-year low of $56.24 and a 1-year high of $68.57. The stock has a fifty day moving average price of $65.91 and a two-hundred day moving average price of $63.63.

Hedge Funds Weigh In On General American Investors

Several institutional investors have recently bought and sold shares of GAM. Altium Capital Management LLC acquired a new position in General American Investors during the fourth quarter worth $1,224,000. Allspring Global Investments Holdings LLC boosted its position in shares of General American Investors by 9.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 430,935 shares of the investment management company’s stock worth $25,197,000 after purchasing an additional 37,312 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of General American Investors by 13.1% during the 1st quarter. Lazard Asset Management LLC now owns 1,580,674 shares of the investment management company’s stock worth $92,422,000 after purchasing an additional 183,051 shares during the period. Evolve Private Wealth LLC purchased a new position in shares of General American Investors in the 2nd quarter valued at about $2,435,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of General American Investors in the 2nd quarter valued at about $2,285,000. 36.85% of the stock is owned by institutional investors and hedge funds.

About General American Investors

General American Investors Company, Inc is a diversified closed-end management investment company listed on the New York Stock Exchange under the ticker GAM. The firm primarily allocates capital to equity and equity-related securities of publicly traded companies, aiming to generate long-term capital appreciation for its shareholders. Its flexible mandate allows investment across a broad range of industries and market capitalizations.

The company follows a value-oriented, fundamental research approach, conducting in-depth analysis to identify undervalued businesses with strong growth potential.