FreightCar America, Inc. (NASDAQ:RAIL) Short Interest Update

FreightCar America, Inc. (NASDAQ:RAIL) was the recipient of a large decrease in short interest in 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. Based on an average trading volume of 43,400 shares, the short-interest ratio is presently 3.6 days. Approximately 1.2% of the company’s stock are sold short.

FreightCar America Stock Down 1.7 %

Shares of RAIL stock traded down $0.06 during mid-day trading on Tuesday, reaching $3.49. 15,097 shares of the company’s stock traded hands, compared to its average volume of 38,212. The company’s 50-day moving average price is $3.49 and its 200-day moving average price is $2.91. The company has a market cap of $64.01 million, a P/E ratio of -2.93 and a beta of 1.94. FreightCar America has a 12 month low of $2.25 and a 12 month high of $4.09.

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

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on FreightCar America in a research report on Thursday, March 21st. They set a “hold” rating on the stock.

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.