General Finance Co. (NASDAQ:GFN) Short Interest Down 10.0% in January
General Finance Co. (NASDAQ:GFN) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 35,100 shares, a decrease of 10.0% from the January 15th total of 39,000 shares. Based on an average daily volume of 22,700 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.2% of the company’s stock are short sold.
In other General Finance news, VP Christopher A. Wilson sold 1,100 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $106.01, for a total transaction of $116,611.00. Following the completion of the sale, the vice president now directly owns 1,075 shares of the company’s stock, valued at $113,960.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 27.40% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new position in General Finance during the 3rd quarter valued at approximately $28,000. Royal Bank of Canada raised its holdings in shares of General Finance by 1,027.6% in the second quarter. Royal Bank of Canada now owns 3,800 shares of the business services provider’s stock worth $32,000 after buying an additional 3,463 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of General Finance during the first quarter worth $81,000. Barclays PLC lifted its stake in shares of General Finance by 102.8% during the fourth quarter. Barclays PLC now owns 11,610 shares of the business services provider’s stock worth $129,000 after buying an additional 5,884 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of General Finance by 7.9% during the third quarter. Rhumbline Advisers now owns 15,037 shares of the business services provider’s stock valued at $133,000 after buying an additional 1,098 shares during the last quarter. 23.48% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on GFN shares. Zacks Investment Research lowered shares of General Finance from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. ValuEngine downgraded General Finance from a “hold” rating to a “sell” rating in a research report on Wednesday, January 29th.
General Finance Company Profile
General Finance Corporation, a specialty rental services company, provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. Its portable storage products include storage containers used in classroom equipment storage, construction equipment and tool storage, disaster shelters, landscaping sheds, recreational equipment storage, and retail inventory storage applications; and freight containers used in freight transportation by road and rail.
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