Gencor Industries, Inc. (NASDAQ:GENC) Short Interest Update

Gencor Industries, Inc. (NASDAQ:GENC) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 56,100 shares, a growth of 40.6% from the September 30th total of 39,900 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 42,900 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 42,900 shares, the short-interest ratio is presently 1.3 days. Approximately 0.6% of the shares of the company are sold short.

Gencor Industries Stock Performance

GENC remained flat at $13.59 during trading on Monday. 19,276 shares of the company traded hands, compared to its average volume of 31,365. Gencor Industries has a one year low of $10.80 and a one year high of $22.82. The firm’s 50 day moving average price is $14.79 and its two-hundred day moving average price is $14.34. The firm has a market capitalization of $199.20 million, a price-to-earnings ratio of 12.35 and a beta of 0.48.

Institutional Investors Weigh In On Gencor Industries

A number of hedge funds have recently modified their holdings of the stock. Evermay Wealth Management LLC bought a new stake in shares of Gencor Industries in the second quarter valued at $26,000. eCIO Inc. bought a new stake in Gencor Industries in the 1st quarter valued at about $43,000. Raymond James Financial Inc. bought a new stake in Gencor Industries in the 2nd quarter valued at about $75,000. Strs Ohio purchased a new stake in Gencor Industries during the first quarter valued at about $136,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Gencor Industries in the first quarter worth about $189,000.

About Gencor Industries

Gencor Industries, Inc, together with its subsidiaries, designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment. It offers hot-mix asphalt plants to produce asphalt paving materials; related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components; and a range of mobile batch plants.