What’s Ahead for Gatx Corporation (NYSE:GATX) After Less Shorted Shares?

The stock of Gatx Corporation (NYSE:GATX) registered a decrease of 4.91% in short interest. GATX’s total short interest was 5.73M 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 Reports 2019 Second-Quarter Results NYSE:GATX – GlobeNewswire” on July 18, 2019, also Globenewswire.com with their article: “GATX Corporation Announces Senior Leadership Changes NYSE:GATX – GlobeNewswire” published on August 10, 2018, Finance.Yahoo.com published: “See what the IHS Markit Score report has to say about GATX Corp. – Yahoo Finance” on June 04, 2019. More interesting news about GATX Corporation (NYSE:GATX) were released by: Seekingalpha.com and their article: “Don’t Let GATX Derail Your Portfolio – Seeking Alpha” published on October 19, 2017 as well as Finance.Yahoo.com‘s news article titled: “Should GATX (NYSE:GATX) Be Disappointed With Their 76% Profit? – Yahoo Finance” with publication date: July 03, 2019.

GATX Corporation (NYSE:GATX) Institutional Positions Chart

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