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 November 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 increased 2.00% or $1.59 during the last trading session, reaching $81.14. About 151,739 shares traded. GATX Corporation (NYSE:GATX) has declined 5.57% since November 2, 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 $2.85 billion. The firm operates in four divisions: Rail North America, Rail International, American Steamship Company , and Portfolio Management. It has a 14.68 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: “New Strong Sell Stocks for September 9th – Yahoo Finance” on September 09, 2019, also Finance.Yahoo.com with their article: “GATX Strong on Dividends, Buybacks & Fleet Upgrade – Yahoo Finance” published on June 24, 2019, Seekingalpha.com published: “Taking Profits On Greenbrier – Seeking Alpha” on October 17, 2019. More interesting news about GATX Corporation (NYSE:GATX) were released by: Globenewswire.com and their article: “GATX Corporation Announces Change of Ticker Symbol to GATX – GlobeNewswire” published on June 22, 2016 as well as Bizjournals.com‘s news article titled: “GATX sues Georgia Power for allegedly causing millions in damages to leased railcars – Atlanta Business Chronicle” with publication date: October 28, 2019.

GATX Corporation (NYSE:GATX) Institutional Positions Chart

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