FreightCar America, Inc. (NASDAQ:RAIL) Sees Significant Decrease in Short Interest

FreightCar America, Inc. (NASDAQ:RAIL) was the target of a large 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 shares of the company are sold short. Based on an average daily trading volume, of 43,400 shares, the short-interest ratio is currently 3.6 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of FreightCar America in a report on Thursday, March 21st. They issued a “hold” rating for the company.

FreightCar America Trading Up 1.4 %

NASDAQ RAIL traded up $0.05 during trading on Friday, reaching $3.60. The company’s stock had a trading volume of 16,912 shares, compared to its average volume of 35,263. The firm has a market capitalization of $66.02 million, a price-to-earnings ratio of -3.03 and a beta of 1.95. FreightCar America has a 12 month low of $2.25 and a 12 month high of $4.09. The firm has a 50 day moving average price of $3.46 and a 200 day moving average price of $2.89.

FreightCar America (NASDAQ:RAIL) last posted its quarterly earnings data on Monday, March 18th. The transportation company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.08). The business had revenue of $126.60 million for the quarter. On average, equities analysts forecast that FreightCar America will post 0.2 EPS for the current fiscal 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.