Gencor Industries, Inc. (NASDAQ:GENC) Short Interest Up 40.6% in October

Gencor Industries, Inc. (NASDAQ:GENC) saw a significant growth in short interest in 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. Based on an average daily trading volume, of 42,900 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 42,900 shares, the days-to-cover ratio is currently 1.3 days.

Gencor Industries Trading Down 1.0%

GENC stock opened at $13.45 on Wednesday. Gencor Industries has a one year low of $10.80 and a one year high of $22.82. The firm has a market capitalization of $197.15 million, a PE ratio of 12.23 and a beta of 0.49. The firm has a 50-day moving average of $14.69 and a two-hundred day moving average of $14.37.

Institutional Trading of Gencor Industries

A number of hedge funds have recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Gencor Industries by 14.6% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 21,200 shares of the company’s stock valued at $310,000 after buying an additional 2,700 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in Gencor Industries by 6.7% during the second quarter. Orion Porfolio Solutions LLC now owns 50,948 shares of the company’s stock valued at $713,000 after buying an additional 3,212 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in Gencor Industries by 2.6% during the second quarter. Bridgeway Capital Management LLC now owns 42,719 shares of the company’s stock valued at $598,000 after buying an additional 1,100 shares in the last quarter. Bank of America Corp DE lifted its stake in Gencor Industries by 49.9% during the second quarter. Bank of America Corp DE now owns 15,488 shares of the company’s stock valued at $217,000 after buying an additional 5,154 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Gencor Industries during the second quarter valued at about $75,000.

Gencor Industries Company Profile

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.