GATX

GATX Corporation (NYSE: GATX) is an equipment finance company based in Chicago, Illinois. Founded in 1898, GATX's primary activities consist of railcar operating leasing in North America and Europe. In addition, GATX leases locomotives in North America, and also has significant investments in industrial equipment and marine assets, including ownership of the American Steamship Company, which operates on the Great Lakes. The CEO/Chairman is Brian A. Kenney. GATX Corporation is divided into four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. Portfolio Management consists largely of the corporation's non-rail and non-Great Lakes assets.GATX is one of several major North American rail operating lessors, and measured by fleet size, ranks as number two in this market behind GE Rail Services. Other major North American rail operating lessors include CIT, Wells Fargo Rail, Union Tank Car Company, and Trinity Industries Leasing. GATX derives its name from its primary reporting mark for its North American railcars, "GATX". The mark itself was derived from GATX's prior corporate name, General American Transportation Corporation. History includes GATX working with famous designer Russel Wright to develop "Meladur", a famous melamine dinnerware from 1943-1945, using Melmac by American Cyanamid which was to be used on passenger cars and in hospitals marked with the name "General American".

GATX has been a target of short sellers for a while. The current short interest of 5.81% is slightly above the average of the last 12 months (3.12%).