Short Interest in Central Securities Corporation (NYSEAMERICAN:CET) Rises By 368.4%

Central Securities Corporation (NYSEAMERICAN:CET) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 18,942 shares, an increase of 368.4% from the April 30th total of 4,044 shares. Based on an average daily volume of 39,439 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

Central Securities Trading Up 0.4%

Shares of NYSEAMERICAN:CET traded up $0.23 during trading hours on Friday, hitting $53.33. The company’s stock had a trading volume of 23,806 shares, compared to its average volume of 33,193. Central Securities has a 52 week low of $45.89 and a 52 week high of $54.28. The firm’s fifty day moving average price is $51.95 and its 200 day moving average price is $51.40.

Institutional Investors Weigh In On Central Securities

Large investors have recently modified their holdings of the business. Pinnacle Associates Ltd. bought a new stake in shares of Central Securities in the 3rd quarter valued at about $2,562,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of Central Securities by 8.2% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 311,489 shares of the company’s stock valued at $15,796,000 after purchasing an additional 23,696 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Central Securities in the 3rd quarter valued at about $537,000. Bulldog Investors LLP grew its position in shares of Central Securities by 4.9% in the 3rd quarter. Bulldog Investors LLP now owns 386,046 shares of the company’s stock worth $19,831,000 after buying an additional 17,962 shares during the last quarter. Finally, Formidable Asset Management LLC bought a new position in shares of Central Securities during the 4th quarter worth approximately $522,000. Institutional investors own 8.68% of the company’s stock.

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.