Central Securities Corporation (NYSEAMERICAN:CET) Short Interest Update

Central Securities Corporation (NYSEAMERICAN:CET) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 7,422 shares, a growth of 138.2% from the August 31st total of 3,116 shares. Based on an average daily volume of 25,981 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Central Securities Stock Up 1.0%

Shares of NYSEAMERICAN CET traded up $0.54 on Friday, hitting $56.39. The company’s stock had a trading volume of 25,162 shares, compared to its average volume of 23,653. Central Securities has a 12-month low of $47.82 and a 12-month high of $57.39. The stock has a 50 day moving average of $54.70 and a 200-day moving average of $53.00.

Hedge Funds Weigh In On Central Securities

Hedge funds have recently made changes to their positions in the business. Trust Co. of Vermont acquired a new stake in shares of Central Securities during the second quarter valued at about $29,000. IFP Advisors Inc bought a new stake in shares of Central Securities during the 2nd quarter valued at about $42,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Central Securities during the second quarter valued at approximately $92,000. Robotti Robert acquired a new stake in Central Securities in the second quarter worth $230,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Central Securities in the second quarter valued at approximately $269,000. Hedge funds and other institutional investors own 8.68% of the company’s stock.

Central Securities Company Profile

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.