Central Securities Corporation (NYSEAMERICAN:CET) Sees Significant Drop in Short Interest

Central Securities Corporation (NYSEAMERICAN:CET) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 3,969 shares, a decline of 79.0% from the May 14th total of 18,942 shares. Based on an average daily trading volume, of 28,205 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Central Securities Price Performance

NYSEAMERICAN:CET traded down $0.97 during trading hours on Wednesday, hitting $51.74. 44,160 shares of the stock were exchanged, compared to its average volume of 40,808. Central Securities has a 52-week low of $46.47 and a 52-week high of $54.28. The firm’s fifty day moving average price is $52.41 and its 200 day moving average price is $51.56.

Central Securities Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a $0.31 dividend. The ex-dividend date is Friday, June 12th. This represents a dividend yield of 116.0%.

Institutional Investors Weigh In On Central Securities

Large investors have recently made changes to their positions in the stock. Assetmark Inc. purchased a new stake in shares of Central Securities in the fourth quarter valued at approximately $35,000. Bank of America Corp DE purchased a new stake in shares of Central Securities in the second quarter valued at approximately $64,000. Noble Wealth Management PBC purchased a new stake in shares of Central Securities in the fourth quarter valued at approximately $73,000. Level Four Advisory Services LLC purchased a new stake in shares of Central Securities in the third quarter valued at approximately $212,000. Finally, Williams Jones Wealth Management LLC. purchased a new stake in shares of Central Securities in the third quarter valued at approximately $214,000. 8.68% of the stock is currently 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.