Central Securities Corporation (NYSEAMERICAN:CET) Shares Shorted: Short Interest Down 73.2% in October

Central Securities Corporation (NYSEAMERICAN:CET) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 2,676 shares, a decline of 73.2% from the September 30th total of 9,981 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 20,085 shares, the short-interest ratio is currently 0.1 days.

Insiders Place Their Bets

In other news, CEO John C. Hill bought 500 shares of the business’s stock in a transaction on Tuesday, October 6th. The shares were purchased at an average price of $56.37 per share, for a total transaction of $28,185.00. Following the purchase, the chief executive officer owned 78,101 shares of the company’s stock, valued at approximately $4,402,553.37. The trade was a 0.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On Central Securities

Several institutional investors have recently made changes to their positions in the stock. Trust Co. of Vermont bought a new position in Central Securities during the second quarter worth about $29,000. IFP Advisors Inc bought a new position in Central Securities in the 2nd quarter worth about $42,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Central Securities by 62.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,756 shares of the company’s stock worth $92,000 after purchasing an additional 677 shares in the last quarter. Robotti Robert bought a new position in shares of Central Securities in the second quarter worth approximately $230,000. Finally, Susquehanna International Group LLP purchased a new stake in Central Securities in the second quarter valued at approximately $269,000. Institutional investors and hedge funds own 8.68% of the company’s stock.

Central Securities Trading Down 1.2%

Shares of NYSEAMERICAN:CET traded down $0.66 during trading on Friday, reaching $55.80. 52,578 shares of the stock were exchanged, compared to its average volume of 35,816. Central Securities has a 12 month low of $47.82 and a 12 month high of $57.39. The stock has a 50-day moving average price of $55.60 and a 200-day moving average price of $53.16.

About Central Securities

Central Securities Corporation (NYSE American: CET) is a diversified closed-end investment company. Rather than operating businesses or selling products directly, the company invests capital in a portfolio of securities with the objective of achieving long-term capital appreciation, while also seeking current income as a secondary objective.

The company’s portfolio may include publicly traded common stocks, convertible securities, fixed-income investments and investments in privately held companies.