FreightCar America, Inc. (NASDAQ:RAIL) Short Interest Down 19.8% in January

FreightCar America, Inc. (NASDAQ:RAIL - Get Free Report) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 321,000 shares, a decrease of 19.8% from the January 15th total of 400,100 shares. Based on an average daily trading volume, of 318,500 shares, the days-to-cover ratio is currently 1.0 days. Approximately 2.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RAIL. Allspring Global Investments Holdings LLC purchased a new stake in FreightCar America during the third quarter valued at about $1,067,000. Quantbot Technologies LP bought a new stake in shares of FreightCar America in the third quarter valued at approximately $49,000. Walleye Capital LLC purchased a new stake in shares of FreightCar America during the 3rd quarter valued at approximately $813,000. Centiva Capital LP bought a new position in FreightCar America in the 3rd quarter worth approximately $453,000. Finally, State Street Corp grew its stake in FreightCar America by 21.6% in the 3rd quarter. State Street Corp now owns 53,958 shares of the transportation company's stock valued at $582,000 after buying an additional 9,600 shares in the last quarter. Institutional investors own 31.96% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of FreightCar America from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th.

FreightCar America Stock Performance

NASDAQ RAIL traded down $0.51 on Wednesday, hitting $9.87. 174,615 shares of the stock traded hands, compared to its average volume of 185,160. The business's fifty day moving average is $10.90 and its two-hundred day moving average is $10.14. FreightCar America has a 12 month low of $2.86 and a 12 month high of $16.10. The firm has a market capitalization of $186.44 million, a price-to-earnings ratio of -2.33 and a beta of 1.96.

FreightCar America Company Profile

FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.