Central Securities Corporation (NYSEAMERICAN:CET) Short Interest Up 1,119.9% in July

Central Securities Corporation (NYSEAMERICAN:CET) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 8,454 shares, an increase of 1,119.9% from the June 30th total of 693 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 39,887 shares, the days-to-cover ratio is presently 0.2 days.

Central Securities Price Performance

Shares of CET stock traded down $0.24 on Friday, hitting $52.20. 39,626 shares of the company’s stock were exchanged, compared to its average volume of 38,632. The company has a 50 day moving average of $52.71 and a 200 day moving average of $52.07. Central Securities has a 12 month low of $47.76 and a 12 month high of $54.65.

Central Securities Dividend Announcement

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

Hedge Funds Weigh In On Central Securities

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. bought a new stake in Central Securities in the fourth quarter valued at $35,000. Bank of America Corp DE acquired a new position in shares of Central Securities during the second quarter worth approximately $64,000. Williams Jones Wealth Management LLC. acquired a new position in shares of Central Securities during the third quarter worth approximately $214,000. Robotti Robert bought a new position in shares of Central Securities in the 4th quarter worth $222,000. Finally, Jane Street Group LLC bought a new position in shares of Central Securities in the 4th quarter worth $230,000. 8.68% of the stock is owned by institutional investors and hedge funds.

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.