FreightCar America, Inc. (NASDAQ:RAIL) Short Interest Update

FreightCar America, Inc. (NASDAQ:RAIL) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 321,000 shares, a decrease of 19.8% from the January 15th total of 400,100 shares. Based on an average trading volume of 318,500 shares, the short-interest ratio is presently 1.0 days. Currently, 2.3% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of FreightCar America from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th.

FreightCar America Stock Performance

Shares of NASDAQ RAIL opened at $11.17 on Monday. FreightCar America has a fifty-two week low of $2.86 and a fifty-two week high of $16.10. The stock has a market cap of $211.00 million, a price-to-earnings ratio of -2.63 and a beta of 1.96. The firm’s 50-day simple moving average is $10.86 and its 200 day simple moving average is $10.08.

Hedge Funds Weigh In On FreightCar America

Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in FreightCar America by 98.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,599 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 2,281 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of FreightCar America by 80.8% during the 4th quarter. Quantbot Technologies LP now owns 8,128 shares of the transportation company’s stock worth $73,000 after buying an additional 3,632 shares in the last quarter. Barclays PLC bought a new position in shares of FreightCar America during the 3rd quarter worth approximately $73,000. Globeflex Capital L P bought a new position in shares of FreightCar America during the 4th quarter worth approximately $69,000. Finally, State Street Corp lifted its position in shares of FreightCar America by 21.6% during the 3rd quarter. State Street Corp now owns 53,958 shares of the transportation company’s stock worth $582,000 after buying an additional 9,600 shares in the last quarter. Institutional investors own 31.96% of the company’s stock.

FreightCar America Company Profile

FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.