Is Buying Gatx Corporation (NYSE:GATX), Having Lower Short Interest a Winning Strategy?

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 6.03M 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: Finance.Yahoo.com which released: “GATX Corp (GATX) Q2 2019 Earnings Call Transcript – Yahoo Finance” on July 18, 2019, also Seekingalpha.com with their article: “Don’t Let GATX Derail Your Portfolio – Seeking Alpha” published on October 19, 2017, Seekingalpha.com published: “GATX Corp.: Great Company But Overpriced – Seeking Alpha” on May 26, 2019. More interesting news about GATX Corporation (NYSE:GATX) were released by: Globenewswire.com and their article: “GATX Corporation Sets Date for 2019 First Quarter Earnings Release and Conference Call – GlobeNewswire” published on April 04, 2019 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For July 18, 2019 – Benzinga” with publication date: July 18, 2019.

GATX Corporation (NYSE:GATX) Institutional Positions Chart

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