What Next for Gatx Corporation (NYSE:GATX) Stock After Decrease in Shorted Shares?

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: Globenewswire.com which released: “GATX Corporation Announces Senior Leadership Changes NYSE:GATX – GlobeNewswire” on August 10, 2018, also Seekingalpha.com with their article: “GATX +6% as railcar sector view boosted by Greenbrier earnings – Seeking Alpha” published on June 29, 2018, Globenewswire.com published: “GATX Corporation Sets Date for 2019 Second Quarter Earnings Release and Conference Call – GlobeNewswire” on July 02, 2019. More interesting news about GATX Corporation (NYSE:GATX) were released by: Finance.Yahoo.com and their article: “Why GATX Corporation’s (NYSE:GATX) Return On Capital Employed Looks Uninspiring – Yahoo Finance” published on August 06, 2019 as well as Seekingalpha.com‘s news article titled: “GATX Corp.: Great Company But Overpriced – Seeking Alpha” with publication date: May 26, 2019.

GATX Corporation (NYSE:GATX) Institutional Positions Chart

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