Gencor Industries Inc (NASDAQ:GENC) Sellers Covered 21.37% of Their Shorts

April 6, 2018 - By Vivian Currie

The stock of Gencor Industries Inc (NASDAQ:GENC) registered a decrease of 21.37% in short interest. GENC’s total short interest was 67,700 shares in April as published by FINRA. Its down 21.37% from 86,100 shares, reported previously. With 17,100 shares average volume, it will take short sellers 4 days to cover their GENC’s short positions. The short interest to Gencor Industries Inc’s float is 0.77%.

The stock increased 0.32% or $0.05 during the last trading session, reaching $15.85. About 5,523 shares traded. Gencor Industries, Inc. (NASDAQ:GENC) has risen 10.20% since April 6, 2017 and is uptrending. It has underperformed by 1.35% the S&P500.

Gencor Industries, Inc., together with its subsidiaries, designs, makes, and sells heavy machinery used in the production of highway construction materials, synthetic fuels, and environmental control equipment. The company has market cap of $229.36 million. The firm 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. It has a 25.16 P/E ratio. It also provides combustion systems that transform solid, liquid, or gaseous fuels into usable energy, or burn multiple fuels in asphalt and aggregate drying industries; soil remediation machines; and combustion systems for rotary dryers, kilns, fume and liquid incinerators, and fuel heaters, as well as industrial incinerators.

Gencor Industries, Inc. (NASDAQ:GENC) Institutional Positions Chart

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