Should You Worry About the Short Interest in Gencorp (GY)? - Tale of the Tape

By
A A A

Many investors appear to be quite bearish on Gencorp Inc. ( GY ), especially if you look at the percentage of the float that is sold short for this stock. Currently, 34.8% of the float is sold short, suggesting an extreme level of bearishness for GY .

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we have a Zacks Rank #2 (Buy) on GY, so we clearly don't believe in the negativity surrounding this firm, and are instead looking for shares of GY to move higher in the weeks ahead.



GENCORP INC (GY): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: GY

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

0%

Most Active by Volume

112,131,130
  • $74.98 ▲ 5.18%
57,963,905
  • $8.32 ▲ 8.33%
48,392,602
  • $3.45 ▼ 0.29%
45,276,527
  • $36.17 ▲ 4.21%
44,800,927
  • $17.84 ▲ 0.34%
44,539,649
  • $97.03 ▼ 0.16%
44,078,180
  • $15.62 ▲ 0.64%
43,461,551
  • $35.50 ▼ 1.06%
As of 7/24/2014, 04:04 PM