Central Securities Corporation (NYSEAMERICAN:CET) Short Interest Update

Central Securities Corporation (NYSEAMERICAN:CET) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 3,116 shares, an increase of 397.8% from the August 15th total of 626 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 24,992 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Central Securities

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Trust Co. of Vermont acquired a new position in Central Securities in the 2nd quarter valued at approximately $29,000. IFP Advisors Inc bought a new stake in shares of Central Securities during the second quarter valued at approximately $42,000. Bank of America Corp DE bought a new position in Central Securities in the second quarter worth $64,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Central Securities during the second quarter worth $92,000. Finally, Williams Jones Wealth Management LLC. bought a new stake in Central Securities in the 3rd quarter valued at $214,000. Institutional investors and hedge funds own 8.68% of the company’s stock.

Central Securities Stock Performance

Shares of NYSEAMERICAN CET traded up $0.25 during mid-day trading on Friday, reaching $55.75. 6,935 shares of the company traded hands, compared to its average volume of 37,957. The company’s fifty day moving average is $53.98 and its two-hundred day moving average is $52.70. Central Securities has a fifty-two week low of $47.82 and a fifty-two week high of $55.99.

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.