Genesee & Wyoming Inc (NYSE:GWR) Sees Large Decline in Short Interest
Genesee & Wyoming Inc (NYSE:GWR) was the target of a large decline in short interest in July. As of July 31st, there was short interest totalling 1,212,600 shares, a decline of 37.2% from the June 30th total of 1,932,000 shares. Based on an average trading volume of 971,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 2.2% of the shares of the stock are short sold.
GWR stock traded down $0.04 on Tuesday, reaching $109.72. The company had a trading volume of 1,026,792 shares, compared to its average volume of 653,984. Genesee & Wyoming has a 1 year low of $68.27 and a 1 year high of $110.72. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average price is $108.28. The company has a market capitalization of $6.25 billion, a P/E ratio of 28.50 and a beta of 1.33.
A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in Genesee & Wyoming by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,625,037 shares of the transportation company’s stock valued at $120,287,000 after purchasing an additional 34,236 shares in the last quarter. Swiss National Bank grew its stake in shares of Genesee & Wyoming by 1.3% during the first quarter. Swiss National Bank now owns 106,450 shares of the transportation company’s stock valued at $9,276,000 after acquiring an additional 1,400 shares in the last quarter. Huntington National Bank grew its stake in shares of Genesee & Wyoming by 111.9% during the first quarter. Huntington National Bank now owns 1,136 shares of the transportation company’s stock valued at $99,000 after acquiring an additional 600 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Genesee & Wyoming by 5,197.6% during the first quarter. BNP Paribas Arbitrage SA now owns 55,943 shares of the transportation company’s stock valued at $4,875,000 after acquiring an additional 54,887 shares in the last quarter. Finally, Wedgewood Investors Inc. PA acquired a new stake in shares of Genesee & Wyoming during the first quarter valued at about $231,000. 90.61% of the stock is currently owned by hedge funds and other institutional investors.
About Genesee & Wyoming
Genesee & Wyoming Inc owns and leases freight railroads. It operates through three segments: North American Operations, Australian Operations, and U.K./European Operations. The company transports various commodities, including agricultural products, autos and auto parts, chemicals and plastics, coal and coke, food and kindred products, lumber and forest products, metallic ores, metals, minerals and stone, petroleum products, pulp and paper, waste, and other commodities.
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