Genesee & Wyoming (GWR) has 3,266,488 shares of shorts outstanding as on August 15, 2016, with 8 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 3,365,869 shares. The stock has a decent trading volume of 399,305 shares daily. The marginal decrease in the short positions is by -3%, which amounts to -99,381 shares. Short positions are 5.8% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Genesee & Wyoming (NYSE:GWR): The stock opened at $69.85 on Wednesday but the bulls could not build on the opening and the stock topped out at $70.64 for the day. The stock traded down to $69.46 during the day, due to lack of any buying support eventually closed down at $69.49 with a loss of -0.77% for the day. The stock had closed at $70.03 on the previous day. The total traded volume was 393,824 shares.
In a related news,The officer (General Counsel and Secretary) of Genesee & Wyoming Inc, Fergus Allison M sold 2,271 shares at $64.69 on August 5, 2016. The Insider selling transaction had a total value worth of $146,911. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Genesee & Wyoming Inc. owns and operates short line and regional freight railroads, and provides railcar switching and other rail-related services in the United States, Australia, Canada, the Netherlands and Belgium. The Company operates a longer-haul railroad that runs approximately 1,400 miles between Tarcoola in South Australia and Darwin in the Northern Territory of Australia. As of December 31, 2014, the Company operated in 41 states in the United States, four Australian states, one Australian territory and four Canadian provinces, and provided rail service at 37 ports in North America, Australia and Europe. As of December 31, 2014, the Company operated over approximately 15,600 miles of owned, jointly owned or leased track (inclusive of the Tarcoola to Darwin rail line operated under a concession agreement) and approximately 3,300 additional miles under other contractual track access arrangements.