FreightCar America, Inc. (NASDAQ:RAIL) Short Interest Down 27.7% in September

FreightCar America, Inc. (NASDAQ:RAIL - Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 194,700 shares, a decline of 27.7% from the September 15th total of 269,300 shares. Based on an average daily volume of 307,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.4% of the shares of the stock are sold short.

Insider Transactions at FreightCar America

In related news, Director Nigris Felan Jose De purchased 4,000 shares of the firm's stock in a transaction dated Friday, September 27th. The shares were purchased at an average price of $10.19 per share, with a total value of $40,760.00. Following the acquisition, the director now directly owns 73,147 shares of the company's stock, valued at approximately $745,367.93. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other FreightCar America news, Director William D. Gehl sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $10.83, for a total value of $108,300.00. Following the completion of the sale, the director now owns 147,608 shares of the company's stock, valued at $1,598,594.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nigris Felan Jose De purchased 4,000 shares of FreightCar America stock in a transaction on Friday, September 27th. The shares were acquired at an average price of $10.19 per share, for a total transaction of $40,760.00. Following the completion of the transaction, the director now directly owns 73,147 shares of the company's stock, valued at approximately $745,367.93. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 28.00% of the stock is owned by insiders.

Hedge Funds Weigh In On FreightCar America

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RAIL. Renaissance Technologies LLC grew its stake in shares of FreightCar America by 43.4% in the second quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company's stock worth $408,000 after acquiring an additional 35,387 shares during the period. Vanguard Group Inc. grew its position in FreightCar America by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company's stock worth $2,250,000 after purchasing an additional 26,412 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in FreightCar America by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company's stock valued at $104,000 after buying an additional 5,880 shares during the last quarter. 31.96% of the stock is owned by institutional investors.

FreightCar America Trading Up 9.6 %

RAIL traded up $1.14 during trading on Friday, reaching $13.02. The stock had a trading volume of 498,595 shares, compared to its average volume of 128,487. The company has a market capitalization of $243.62 million, a price-to-earnings ratio of -8.45 and a beta of 2.02. The stock's 50 day moving average is $8.21 and its two-hundred day moving average is $5.20. FreightCar America has a one year low of $2.25 and a one year high of $13.17.

FreightCar America (NASDAQ:RAIL - Get Free Report) last announced its earnings results on Monday, August 12th. The transportation company reported $0.05 earnings per share for the quarter, meeting analysts' consensus estimates of $0.05. The business had revenue of $147.42 million during the quarter, compared to the consensus estimate of $127.09 million. FreightCar America had a negative net margin of 0.62% and a negative return on equity of 28.11%. During the same quarter last year, the firm earned $0.02 earnings per share. On average, equities research analysts predict that FreightCar America will post 0.2 earnings per share for the current year.

Wall Street Analyst Weigh In

RAIL has been the topic of several recent analyst reports. Noble Financial upgraded shares of FreightCar America to a "strong-buy" rating in a report on Friday, June 28th. StockNews.com cut shares of FreightCar America from a "buy" rating to a "hold" rating in a research report on Friday, September 27th.

About FreightCar America

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.