FreightCar America, Inc. (NASDAQ:RAIL – Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 156,800 shares, a decrease of 23.2% from the March 31st total of 204,200 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 43,400 shares, the days-to-cover ratio is currently 3.6 days.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of FreightCar America in a research report on Thursday, March 21st. They set a “hold” rating on the stock.
View Our Latest Research Report on RAIL
FreightCar America Stock Performance
FreightCar America (NASDAQ:RAIL – Get Free Report) last issued its quarterly earnings results on Monday, March 18th. The transportation company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.08). The firm had revenue of $126.60 million during the quarter. As a group, analysts anticipate that FreightCar America will post 0.2 EPS for the current year.
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.
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