Short Interest in Central Securities Corporation (NYSEAMERICAN:CET) Decreases By 89.2%

Central Securities Corporation (NYSEAMERICAN:CET) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 914 shares, a decrease of 89.2% from the July 15th total of 8,454 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 32,859 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Central Securities

Several hedge funds and other institutional investors have recently made changes to their positions in CET. Trust Co. of Vermont acquired a new stake in Central Securities in the second quarter valued at $29,000. Assetmark Inc. acquired a new stake in shares of Central Securities in the fourth quarter valued at approximately $35,000. Bank of America Corp DE purchased a new position in Central Securities during the second quarter worth $64,000. Williams Jones Wealth Management LLC. purchased a new stake in Central Securities during the 3rd quarter worth about $214,000. Finally, Robotti Robert purchased a new stake in shares of Central Securities during the fourth quarter worth about $222,000. Hedge funds and other institutional investors own 8.68% of the company’s stock.

Central Securities Stock Up 0.0%

Shares of CET traded up $0.01 during midday trading on Wednesday, reaching $55.10. 13,711 shares of the stock were exchanged, compared to its average volume of 39,676. The business’s 50-day moving average price is $52.95 and its 200 day moving average price is $52.26. Central Securities has a twelve month low of $47.82 and a twelve month high of $55.99.

Central Securities Announces Dividend

The business also recently declared a dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a dividend yield of 117.0%.

Central Securities Company Profile

Central Securities Corp. is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.