Short Interest in FreightCar America, Inc. (NASDAQ:RAIL) Rises By 16.8%

Market Beat
2024.09.29 22:42
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FreightCar America, Inc. (NASDAQ:RAIL) experienced a 16.8% increase in short interest in September, totaling 269,300 shares. This represents approximately 1.9% of the company's shares sold short, with a short-interest ratio of 1.2 days based on an average trading volume of 230,900 shares. The stock has seen recent insider trading activity, with a director purchasing shares and another selling a portion. Hedge funds have also adjusted their holdings in the company, with Vanguard Group increasing its stake by 4.7%. Analysts have mixed ratings on the stock, with some downgrading it to a "hold."