What’s Gencor Industries Incorporated (NASDAQ:GENC) Upside After This Short Interest Decrease?

February 12, 2018 - By Louis Casey

 What's Gencor Industries Incorporated (NASDAQ:GENC) Upside After This Short Interest Decrease?

The stock of Gencor Industries Incorporated (NASDAQ:GENC) registered a decrease of 12.36% in short interest. GENC’s total short interest was 76,600 shares in February as published by FINRA. Its down 12.36% from 87,400 shares, reported previously. With 22,900 shares average volume, it will take short sellers 3 days to cover their GENC’s short positions. The short interest to Gencor Industries Incorporated’s float is 0.94%.

The stock decreased 0.60% or $0.1 during the last trading session, reaching $16.5. About 7,312 shares traded. Gencor Industries, Inc. (NASDAQ:GENC) has risen 66.26% since February 12, 2017 and is uptrending. It has outperformed by 49.56% 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 $238.77 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 26.19 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.

More notable recent Gencor Industries, Inc. (NASDAQ:GENC) news were published by: Bizjournals.com which released: “Gencor announces CEO transition” on September 30, 2016, also Globenewswire.com with their article: “Gencor Releases First Quarter Fiscal 2018 Results” published on February 02, 2018, Seekingalpha.com published: “Gencor Industries: Still Cheap, But Most Of The Story Has Played Out” on January 03, 2018. More interesting news about Gencor Industries, Inc. (NASDAQ:GENC) were released by: Quotes.Wsj.com and their article: “Gencor Industries Inc. GENC (US: Nasdaq)” published on December 15, 2008 as well as Seekingalpha.com‘s news article titled: “Gencore Industries: Deep Value Stock” with publication date: March 16, 2011.

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