Could Gatx Corporation (NYSE:GATX) Change Direction After Less Shorts?

The stock of Gatx Corporation (NYSE:GATX) registered a decrease of 4.91% in short interest. GATX’s total short interest was 5.73 million shares in August as published by FINRA. Its down 4.91% from 6.03 million shares, reported previously. With 213,900 shares average volume, it will take short sellers 27 days to cover their GATX’s short positions. The short interest to Gatx Corporation’s float is 15.98%.

The stock decreased 1.39% or $1.01 during the last trading session, reaching $71.59. About 217,217 shares traded. GATX Corporation (NYSE:GATX) has declined 5.57% since August 15, 2018 and is downtrending. It has underperformed by 5.57% the S&P500.

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company has market cap of $2.56 billion. The firm operates in four divisions: Rail North America, Rail International, American Steamship Company , and Portfolio Management. It has a 13.04 P/E ratio. The Rail North America segment primarily leases railcars and locomotive.

More notable recent GATX Corporation (NYSE:GATX) news were published by: Seekingalpha.com which released: “Sohn 2019: Picks include Wyndham, Cabot Oil; pans include Tesla – live updates – Seeking Alpha” on May 06, 2019, also Benzinga.com with their article: “Greenbrier Completes Acquisition Of American Railcar Industries – Benzinga” published on July 29, 2019, Zacks.com published: “Gatx (GATX) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release – Zacks.com” on July 11, 2019. More interesting news about GATX Corporation (NYSE:GATX) were released by: Finance.Yahoo.com and their article: “Is Now An Opportune Moment To Examine GATX Corporation (NYSE:GATX)? – Yahoo Finance” published on June 04, 2019 as well as Globenewswire.com‘s news article titled: “GATX Corporation Announces Appointment of Director of Investor Relations – GlobeNewswire” with publication date: May 02, 2017.

GATX Corporation (NYSE:GATX) Institutional Positions Chart

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