The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Stock Short Interest Rises 418.2%

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,021 shares, an increase of 418.2% from the September 30th total of 583 shares. Based on an average daily volume of 11,511 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CEE. Silver Point Capital L.P. bought a new position in The Central and Eastern Europe Fund in the 2nd quarter valued at $1,171,967. Royal Bank of Canada bought a new stake in shares of The Central and Eastern Europe Fund during the first quarter worth $1,036,000. Almitas Capital LLC bought a new stake in shares of The Central and Eastern Europe Fund during the second quarter worth $3,560,000. Wealth Care LLC acquired a new stake in shares of The Central and Eastern Europe Fund in the first quarter valued at $584,000. Finally, Weiss Asset Management LP increased its stake in shares of The Central and Eastern Europe Fund by 67.2% in the first quarter. Weiss Asset Management LP now owns 90,968 shares of the closed-end fund’s stock valued at $1,665,000 after buying an additional 36,569 shares in the last quarter. Institutional investors own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Trading Down 0.8%

CEE stock traded down $0.16 during trading on Thursday, hitting $19.04. 4,533 shares of the stock traded hands, compared to its average volume of 23,118. The Central and Eastern Europe Fund has a one year low of $14.82 and a one year high of $21.98. The company has a 50 day simple moving average of $19.36 and a 200 day simple moving average of $19.78.

The Central and Eastern Europe Fund Company Profile

The Central and Eastern Europe Fund, Inc (NYSE: CEE) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies located in, or with significant business activities in, Central and Eastern Europe.

The fund provides investors with diversified exposure to regional public markets across sectors such as financial services, industrials, consumer goods, energy, telecommunications and utilities. Its portfolio may include companies in countries such as Poland, Hungary, the Czech Republic, Turkey and other emerging European markets, although geographic and sector allocations can change over time.

The fund was established in 1990 and was formerly known as The Central European Equity Fund, Inc It is managed by an investment adviser within the abrdn asset-management organization.