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

General American Investors Company, Inc. (NYSE:GAM) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 10,900 shares, a decrease of 37.4% from the September 30th total of 17,400 shares. Based on an average daily volume of 31,300 shares, the short-interest ratio is presently 0.3 days.

General American Investors Trading Up 1.2 %

Shares of General American Investors stock traded up $0.63 during trading hours on Tuesday, reaching $53.97. 27,910 shares of the company’s stock were exchanged, compared to its average volume of 27,016. General American Investors has a fifty-two week low of $39.12 and a fifty-two week high of $54.19. The company has a 50 day moving average of $52.96 and a two-hundred day moving average of $50.29.

Hedge Funds Weigh In On General American Investors

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of General American Investors by 5.5% in 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 purchasing an additional 37,871 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in General American Investors by 3.7% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 675,276 shares of the investment management company’s stock worth $33,575,000 after purchasing an additional 24,196 shares in the last quarter. Cornerstone Advisors LLC raised its position in General American Investors by 24.8% in the 2nd quarter. Cornerstone Advisors LLC now owns 441,951 shares of the investment management company’s stock valued at $21,974,000 after buying an additional 87,843 shares during the last quarter. Shaker Financial Services LLC lifted its position in shares of General American Investors by 41.9% during the second quarter. Shaker Financial Services LLC now owns 108,528 shares of the investment management company’s stock valued at $5,396,000 after purchasing an additional 32,065 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in shares of General American Investors by 22.8% in the 2nd 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. 36.85% of the stock is currently owned by institutional investors and hedge funds.

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.