Short Interest in Freightcar America, Inc. (NASDAQ:RAIL) Grows By 235.8%

Freightcar America, Inc. (NASDAQ:RAIL) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 753,303 shares, a growth of 235.8% from the June 15th total of 224,312 shares. Approximately 5.6% of the shares of the company are sold short. Based on an average daily volume of 446,340 shares, the days-to-cover ratio is currently 1.7 days.

Freightcar America News Summary

Here are the key news stories impacting Freightcar America this week:

• Positive Sentiment: FreightCar America said it secured a multi-year order for 1,900 railcars from a key customer, with deliveries running through 2028, and noted that second-quarter orders totaled about 3,000 railcars. That suggests stronger revenue visibility and a fuller production backlog, which can support the stock. Article Title
• Positive Sentiment: Noble Financial reiterated a constructive outlook by forecasting FY2027 EPS of $0.70, implying expectations for continued earnings growth beyond the current fiscal year. MarketBeat estimate update
• Neutral Sentiment: Analysts also published quarterly EPS estimates around $0.15 to $0.18 for 2027, which points to ongoing modeling activity but does not materially change the near-term story by itself. MarketBeat estimate update
• Negative Sentiment: Short interest surged to 753,303 shares at the end of June, or 5.6% of the float, indicating that bearish bets on FreightCar America (RAIL) rose sharply and could weigh on sentiment. Short interest data

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Freightcar America by 2.2% in the third quarter. Vanguard Group Inc. now owns 631,029 shares of the transportation company’s stock valued at $6,171,000 after buying an additional 13,301 shares in the last quarter. Marshall Wace LLP increased its stake in Freightcar America by 92.4% during the 4th quarter. Marshall Wace LLP now owns 446,420 shares of the transportation company’s stock worth $4,942,000 after acquiring an additional 214,397 shares during the period. Essex Investment Management Co. LLC raised its holdings in Freightcar America by 68.7% in the 4th quarter. Essex Investment Management Co. LLC now owns 346,144 shares of the transportation company’s stock valued at $3,832,000 after acquiring an additional 140,946 shares in the last quarter. Ancora Advisors LLC raised its holdings in Freightcar America by 12.9% in the 3rd quarter. Ancora Advisors LLC now owns 328,921 shares of the transportation company’s stock valued at $3,217,000 after acquiring an additional 37,530 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its position in shares of Freightcar America by 708.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 290,954 shares of the transportation company’s stock valued at $3,221,000 after acquiring an additional 254,954 shares during the period. 31.96% of the stock is owned by institutional investors.

Freightcar America Stock Performance

NASDAQ:RAIL opened at $7.99 on Monday. The stock has a 50 day simple moving average of $8.33 and a 200 day simple moving average of $9.90. The stock has a market cap of $152.93 million, a P/E ratio of 10.80 and a beta of 1.44. Freightcar America has a 1-year low of $7.27 and a 1-year high of $14.90.

Freightcar America (NASDAQ:RAIL) last issued its quarterly earnings data on Monday, May 4th. The transportation company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Freightcar America had a net margin of 6.25% and a negative return on equity of 15.56%. The firm had revenue of $64.31 million during the quarter, compared to analyst estimates of $74.60 million. As a group, sell-side analysts forecast that Freightcar America will post 0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Freightcar America in a report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Freightcar America Company Profile

FreightCar America, Inc is a designer and manufacturer of specialized railroad freight cars, offering a diverse range of products that include tank cars, open and covered hoppers, gondolas, boxcars and centerbeam lumber cars. The company supports both new car construction and the rebuilding of existing fleets, providing custom engineering solutions to meet customer specifications and industry regulations. FreightCar America also supplies aftermarket parts, maintenance services and component remanufacturing for its own fleet and for third-party car owners.

Headquartered in Chicago, Illinois, FreightCar America traces its origins to early 20th-century railcar builders and began trading as an independent, publicly-listed company on the NASDAQ under the ticker RAIL following a spin-off in 2010.