General American Investors, Inc. (NYSE:GAM) Short Interest Down 59.2% in August

General American Investors, Inc. (NYSE:GAMGet Free Report) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 1,616 shares, a decline of 59.2% from the July 30th total of 3,960 shares. Based on an average daily volume of 19,726 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On General American Investors

Large investors have recently bought and sold shares of the business. Readystate Asset Management LP bought a new stake in General American Investors during the 2nd quarter valued at $391,000. Susquehanna International Group LLP bought a new position in shares of General American Investors in the 2nd quarter worth $265,000. IMC Chicago LLC bought a new position in shares of General American Investors in the 2nd quarter worth $314,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of General American Investors by 32.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,656 shares of the investment management company’s stock worth $169,000 after purchasing an additional 657 shares during the last quarter. Finally, United Capital Financial Advisors LLC purchased a new stake in shares of General American Investors during the 2nd quarter worth $532,000. Institutional investors own 36.85% of the company’s stock.

General American Investors Stock Down 0.2%

Shares of GAM opened at $67.47 on Friday. The company has a 50 day moving average price of $65.26 and a 200-day moving average price of $63.28. General American Investors has a fifty-two week low of $56.24 and a fifty-two week high of $68.57.

About General American Investors

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for General American Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General American Investors and related companies with MarketBeat.com's FREE daily email newsletter.