Central Securities Corporation (NYSEAMERICAN:CET) Short Interest Down 55.4% in March

Central Securities Corporation (NYSEAMERICAN:CET) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 4,718 shares, a decline of 55.4% from the February 26th total of 10,580 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 47,860 shares, the days-to-cover ratio is currently 0.1 days.

Central Securities Stock Down 2.2%

Shares of Central Securities stock traded down $1.10 on Thursday, reaching $49.06. The stock had a trading volume of 67,965 shares, compared to its average volume of 45,284. The company has a 50 day moving average price of $51.56 and a 200 day moving average price of $51.05. Central Securities has a 1 year low of $40.24 and a 1 year high of $52.95.

Insider Buying and Selling

In other news, CEO John C. Hill purchased 500 shares of the firm’s stock in a transaction on Monday, December 29th. The stock was acquired at an average cost of $50.91 per share, with a total value of $25,455.00. Following the completion of the transaction, the chief executive officer owned 77,373 shares in the company, valued at $3,939,059.43. This represents a 0.65% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On Central Securities

Several institutional investors and hedge funds have recently bought and sold shares of the company. Assetmark Inc. purchased a new stake in shares of Central Securities during the 4th quarter valued at $35,000. Bank of America Corp DE purchased a new position in Central Securities during the 2nd quarter worth $64,000. Noble Wealth Management PBC purchased a new position in Central Securities during the 4th quarter worth $73,000. Vista Investment Partners II LLC acquired a new position in Central Securities during the 3rd quarter valued at about $203,000. Finally, Level Four Advisory Services LLC acquired a new position in Central Securities during the 3rd quarter valued at about $212,000. 8.68% of the stock is owned by hedge funds and other institutional investors.

About Central Securities

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.