General American Investors, Inc. (NYSE:GAM) Short Interest Down 84.5% in August

General American Investors, Inc. (NYSE:GAM) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 251 shares, a drop of 84.5% from the August 15th total of 1,616 shares. Based on an average trading volume of 13,088 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On General American Investors

A number of institutional investors have recently made changes to their positions in GAM. Royal Bank of Canada lifted its holdings in General American Investors by 38.3% in the 1st quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company’s stock valued at $9,871,000 after purchasing an additional 54,223 shares in the last quarter. Raymond James Financial Inc. raised its holdings in General American Investors by 2.2% in the 2nd quarter. Raymond James Financial Inc. now owns 25,706 shares of the investment management company’s stock valued at $1,441,000 after acquiring an additional 550 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of General American Investors by 34.2% during the 2nd quarter. Bank of America Corp DE now owns 41,648 shares of the investment management company’s stock worth $2,334,000 after purchasing an additional 10,607 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of General American Investors by 41.6% during the second quarter. Osaic Holdings Inc. now owns 3,755 shares of the investment management company’s stock worth $210,000 after purchasing an additional 1,103 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in General American Investors by 2.1% in the third quarter. First Trust Advisors LP now owns 36,975 shares of the investment management company’s stock valued at $2,300,000 after purchasing an additional 756 shares during the last quarter. 36.85% of the stock is owned by institutional investors and hedge funds.

General American Investors Stock Performance

Shares of GAM traded up $0.34 on Friday, reaching $65.79. The stock had a trading volume of 8,203 shares, compared to its average volume of 27,624. General American Investors has a twelve month low of $56.24 and a twelve month high of $68.57. The firm has a 50-day moving average of $65.91 and a 200 day moving average of $63.63.

General American Investors Company Profile

General American Investors Company, Inc is a diversified closed-end management investment company listed on the New York Stock Exchange under the ticker GAM. The firm primarily allocates capital to equity and equity-related securities of publicly traded companies, aiming to generate long-term capital appreciation for its shareholders. Its flexible mandate allows investment across a broad range of industries and market capitalizations.

The company follows a value-oriented, fundamental research approach, conducting in-depth analysis to identify undervalued businesses with strong growth potential.