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 5.73M 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: Globenewswire.com which released: “GATX Corporation Reports 2018 Fourth-Quarter and Full-Year Results – GlobeNewswire” on January 22, 2019, also Benzinga.com with their article: “Second Quarter Headwinds Temper Expectations For Rail – Benzinga” published on July 12, 2019, Finance.Yahoo.com published: “Is Now An Opportune Moment To Examine GATX Corporation (NYSE:GATX)? – Yahoo Finance” on June 04, 2019. More interesting news about GATX Corporation (NYSE:GATX) were released by: Finance.Yahoo.com and their article: “Could the Leasing Industry Survive Another Recession? – Yahoo Finance” published on July 17, 2019 as well as Globenewswire.com‘s news article titled: “GATX Corporation Announces Appointment of Director of Investor Relations – GlobeNewswire” with publication date: May 02, 2017.

GATX Corporation (NYSE:GATX) Institutional Positions Chart

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