Short Interest in Central Securities Corporation (NYSEAMERICAN:CET) Increases By 1,119.9%

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

Institutional Investors Weigh In On Central Securities

Several hedge funds have recently made changes to their positions in the stock. Blue Bell Private Wealth Management LLC lifted its position 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 worth $15,796,000 after acquiring an additional 23,696 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Central Securities by 2.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 803,728 shares of the company’s stock valued at $40,757,000 after purchasing an additional 17,776 shares during the period. Closed End Fund Advisors Inc. acquired a new position in shares of Central Securities in the fourth quarter valued at $554,000. Brasada Capital Management LP raised its stake in shares of Central Securities by 11.5% in the fourth quarter. Brasada Capital Management LP now owns 122,996 shares of the company’s stock valued at $6,240,000 after purchasing an additional 12,716 shares in the last quarter. Finally, Formidable Asset Management LLC acquired a new position in shares of Central Securities in the fourth quarter valued at $522,000. Institutional investors own 8.68% of the company’s stock.

Central Securities Price Performance

NYSEAMERICAN:CET traded down $0.24 during trading hours on Friday, hitting $52.20. 39,626 shares of the company traded hands, compared to its average volume of 38,632. Central Securities has a twelve month low of $47.76 and a twelve month high of $54.65. The firm has a 50-day moving average of $52.71 and a 200 day moving average of $52.07.

Central Securities Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, June 12th. This represents a dividend yield of 117.0%.

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.