Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Stock Short Interest Falls 60.7%

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 1,591 shares, a decrease of 60.7% from the September 15th total of 4,048 shares. Based on an average daily volume of 1,578 shares, the days-to-cover ratio is presently 1.0 days.

Insiders Place Their Bets

In other news, CEO Luke E. Sims purchased 2,560 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were acquired at an average price of $9.99 per share, with a total value of $25,574.40. Following the transaction, the chief executive officer owned 297,827 shares of the company’s stock, valued at $2,975,291.73. This represents a 0.87% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Eagle Capital Growth Fund Price Performance

GRF opened at $9.85 on Thursday. Eagle Capital Growth Fund has a 12 month low of $9.50 and a 12 month high of $11.85. The stock has a fifty day moving average price of $10.25 and a 200-day moving average price of $10.18.

Eagle Capital Growth Fund Company Profile

Eagle Capital Growth Fund, Inc (NYSE American: GRF) is a closed-end investment company that seeks long-term capital appreciation for its shareholders. The fund invests primarily in publicly traded common stocks and other equity securities of companies that its investment adviser believes offer attractive growth prospects.

The fund provides investors with a professionally managed, diversified portfolio rather than operating a conventional business that sells products or services directly to customers.