Central Securities Corporation (NYSEAMERICAN:CET) Sees Large Growth in Short Interest

Central Securities Corporation (NYSEAMERICAN:CET) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 10,580 shares, an increase of 255.6% from the February 12th total of 2,975 shares. Based on an average daily trading volume, of 31,154 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 31,154 shares, the short-interest ratio is currently 0.3 days.

Central Securities Stock Up 0.0%

Shares of CET stock traded up $0.02 on Friday, reaching $50.32. The company had a trading volume of 7,091 shares, compared to its average volume of 45,493. The business’s 50-day moving average is $51.86 and its 200 day moving average is $51.03. Central Securities has a one year low of $40.24 and a one year high of $52.95.

Insider Activity

In other news, CEO John C. Hill acquired 500 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was acquired at an average price of $50.91 per share, with a total value of $25,455.00. Following the completion of the transaction, the chief executive officer directly owned 77,373 shares of the company’s stock, valued at $3,939,059.43. This trade represents a 0.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.10% of the company’s stock.

Institutional Trading of Central Securities

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Central Securities by 3.9% during the first quarter. Royal Bank of Canada now owns 66,549 shares of the company’s stock worth $2,993,000 after purchasing an additional 2,521 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Central Securities by 104.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,957 shares of the company’s stock valued at $524,000 after buying an additional 5,585 shares during the last quarter. Raymond James Financial Inc. boosted its position in Central Securities by 1.8% during the 2nd quarter. Raymond James Financial Inc. now owns 305,304 shares of the company’s stock worth $14,612,000 after buying an additional 5,511 shares during the period. Bank of America Corp DE acquired a new stake in Central Securities during the 2nd quarter worth approximately $64,000. Finally, Osaic Holdings Inc. grew its holdings in Central Securities by 15.1% during the 2nd quarter. Osaic Holdings Inc. now owns 10,052 shares of the company’s stock worth $481,000 after acquiring an additional 1,322 shares during the last quarter. 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.