Central Securities Corporation (NYSEAMERICAN:CET) Short Interest Up 397.8% in August

Central Securities Corporation (NYSEAMERICAN:CET) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 3,116 shares, a growth of 397.8% from the August 15th total of 626 shares. Based on an average daily trading volume, of 24,992 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of Central Securities

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new stake in Central Securities in the second quarter valued at $29,000. IFP Advisors Inc acquired a new position in shares of Central Securities during the 2nd quarter worth about $42,000. Bank of America Corp DE bought a new stake in shares of Central Securities in the 2nd quarter valued at about $64,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Central Securities in the 2nd quarter valued at about $92,000. Finally, Williams Jones Wealth Management LLC. acquired a new stake in Central Securities in the 3rd quarter valued at about $214,000. 8.68% of the stock is owned by institutional investors.

Central Securities Stock Up 0.9%

CET stock traded up $0.50 during mid-day trading on Friday, reaching $56.00. The company had a trading volume of 9,194 shares, compared to its average volume of 23,685. Central Securities has a 52 week low of $47.82 and a 52 week high of $56.00. The stock has a 50 day simple moving average of $54.05 and a two-hundred day simple moving average of $52.73.

About Central Securities

Central Securities Corp. (NYSE American: CET) is a diversified, closed-end management investment company. Its primary objective is long-term capital appreciation, with current income considered a secondary objective. Rather than operating a conventional commercial business, the company invests shareholders’ capital in a portfolio of securities.

The fund invests primarily in publicly traded equity securities, while also maintaining exposure to other investments, including fixed-income securities and privately held companies when deemed appropriate.