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

FreightCar America, Inc. (NASDAQ:RAIL) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 225,600 shares, an increase of 38.3% from the August 31st total of 163,100 shares. Based on an average daily trading volume, of 227,100 shares, the short-interest ratio is presently 1.0 days. Approximately 1.9% of the shares of the company are short sold.

NASDAQ:RAIL traded up $0.06 during mid-day trading on Thursday, hitting $2.34. 96,591 shares of the company’s stock traded hands, compared to its average volume of 154,576. The firm has a market capitalization of $30.37 million, a price-to-earnings ratio of -0.40 and a beta of 1.97. The firm has a 50 day moving average of $1.94 and a two-hundred day moving average of $1.46. The company has a current ratio of 1.22, a quick ratio of 0.75 and a debt-to-equity ratio of 0.07. FreightCar America has a 12 month low of $0.73 and a 12 month high of $4.85.

FreightCar America (NASDAQ:RAIL) last issued its quarterly earnings results on Monday, August 10th. The transportation company reported ($0.97) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.18). FreightCar America had a negative return on equity of 54.13% and a negative net margin of 69.29%. The business had revenue of $17.46 million for the quarter. As a group, equities research analysts expect that FreightCar America will post -3.62 earnings per share for the current year.

Separately, Zacks Investment Research upgraded shares of FreightCar America from a “sell” rating to a “hold” rating in a report on Tuesday, August 4th.

A number of institutional investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in FreightCar America in the 2nd quarter worth $49,000. Bank of New York Mellon Corp lifted its stake in shares of FreightCar America by 24.8% in the first quarter. Bank of New York Mellon Corp now owns 137,836 shares of the transportation company’s stock valued at $128,000 after buying an additional 27,386 shares during the period. Bridgeway Capital Management Inc. grew its position in FreightCar America by 73.2% during the second quarter. Bridgeway Capital Management Inc. now owns 118,300 shares of the transportation company’s stock worth $147,000 after buying an additional 50,000 shares in the last quarter. Needham Investment Management LLC increased its stake in FreightCar America by 62.5% during the first quarter. Needham Investment Management LLC now owns 65,000 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 25,000 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its holdings in FreightCar America by 16.3% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 564,288 shares of the transportation company’s stock valued at $700,000 after acquiring an additional 79,187 shares in the last quarter. 34.45% of the stock is owned by hedge funds and other institutional investors.

FreightCar America Company Profile

FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars for the transportation of bulk commodities and containerized freight products primarily in North America. It operates through two segments, Manufacturing and Parts. The company offers a range of freight cars, including open top hoppers, covered hoppers, and gondolas; intermodal flats, such as well cars; and non-intermodal flat cars comprising slab, hot slab, ribbon rail, and bulkhead flats.

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