Central Securities Corporation (NYSEAMERICAN:CET) Short Interest Update

Central Securities Corporation (NYSEAMERICAN:CET) saw 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 24,992 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Central Securities

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

Central Securities Trading Up 0.4%

CET traded up $0.25 during trading on Friday, hitting $55.75. The company’s stock had a trading volume of 6,935 shares, compared to its average volume of 37,957. The firm’s 50 day moving average price is $53.98 and its two-hundred day moving average price is $52.70. Central Securities has a 12 month low of $47.82 and a 12 month 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.