Short Interest in General American Investors Company, Inc. (NYSE:GAM) Drops By 37.4%

General American Investors Company, Inc. (NYSE:GAM - Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 10,900 shares, a drop of 37.4% from the September 30th total of 17,400 shares. Based on an average trading volume of 31,300 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On General American Investors

Several hedge funds have recently made changes to their positions in GAM. Cornerstone Advisors LLC grew its stake in shares of General American Investors by 24.8% during the 2nd quarter. Cornerstone Advisors LLC now owns 441,951 shares of the investment management company's stock worth $21,974,000 after acquiring an additional 87,843 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of General American Investors in the 2nd quarter valued at approximately $1,818,000. Allspring Global Investments Holdings LLC boosted its holdings 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 buying an additional 37,871 shares during the last quarter. Shaker Financial Services LLC boosted its holdings in shares of General American Investors by 41.9% in the 2nd quarter. Shaker Financial Services LLC now owns 108,528 shares of the investment management company's stock valued at $5,396,000 after buying an additional 32,065 shares during the last quarter. Finally, Logan Stone Capital LLC boosted its holdings in shares of General American Investors by 69.3% in the 2nd quarter. Logan Stone Capital LLC now owns 64,946 shares of the investment management company's stock valued at $3,229,000 after buying an additional 26,595 shares during the last quarter. 36.85% of the stock is owned by institutional investors.

General American Investors Price Performance

Shares of GAM traded down $0.09 during mid-day trading on Friday, hitting $53.33. 32,109 shares of the company's stock were exchanged, compared to its average volume of 32,194. General American Investors has a 52 week low of $39.12 and a 52 week high of $54.19. The company has a 50-day simple moving average of $52.94 and a 200 day simple moving average of $50.24.

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.