General American Investors, Inc. (NYSE:GAM) Sees Significant Decline in Short Interest

General American Investors, Inc. (NYSE:GAM) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 251 shares, a decline of 84.5% from the August 15th total of 1,616 shares. Based on an average daily trading volume, of 13,088 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GAM. Altium Capital Management LLC acquired a new position in General American Investors during the 4th quarter worth $1,224,000. Allspring Global Investments Holdings LLC raised its stake in shares of General American Investors by 9.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 430,935 shares of the investment management company’s stock valued at $25,197,000 after purchasing an additional 37,312 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of General American Investors by 13.1% during the first quarter. Lazard Asset Management LLC now owns 1,580,674 shares of the investment management company’s stock worth $92,422,000 after purchasing an additional 183,051 shares during the last quarter. Evolve Private Wealth LLC bought a new position in shares of General American Investors during the second quarter worth about $2,435,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of General American Investors during the second quarter worth about $2,285,000. Hedge funds and other institutional investors own 36.85% of the company’s stock.

General American Investors Stock Up 0.5%

Shares of General American Investors stock traded up $0.34 during trading hours on Friday, hitting $65.79. 8,705 shares of the company’s stock traded hands, compared to its average volume of 12,271. The stock has a 50 day simple moving average of $65.94 and a 200-day simple moving average of $63.65. General American Investors has a twelve month low of $56.24 and a twelve month high of $68.57.

General American Investors Company Profile

General American Investors Company, Inc is a publicly traded closed-end investment company that seeks long-term capital appreciation through investments in a diversified portfolio of securities. The company’s shares trade on the New York Stock Exchange under the symbol GAM.

Founded in 1927, General American Investors is one of the oldest closed-end investment companies in the United States. Its portfolio has historically included common stocks, convertible securities and other investments, with an emphasis on identifying companies that may offer attractive long-term growth potential.

The company invests primarily in publicly traded businesses across a range of industries and may hold investments in both U.S.