Central Securities Corporation (NYSEAMERICAN:CET) Short Interest Update

Central Securities Corporation (NYSEAMERICAN:CET) saw a significant growth in short interest in 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. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 25,981 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Central Securities

Several institutional investors and hedge funds have recently bought and sold shares of the business. Evolve Private Wealth LLC purchased a new stake in shares of Central Securities in the second quarter worth approximately $2,453,000. Brasada Capital Management LP acquired a new position in Central Securities in the 2nd quarter valued at approximately $6,137,000. Rockefeller Capital Management L.P. increased its stake in Central Securities by 2.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 803,728 shares of the company’s stock valued at $40,757,000 after buying an additional 17,776 shares during the period. Closed End Fund Advisors Inc. purchased a new stake in Central Securities in the 4th quarter worth approximately $554,000. Finally, Roberts Glore & Co. Inc. IL purchased a new stake in Central Securities in the 2nd quarter worth approximately $1,822,000. Hedge funds and other institutional investors own 8.68% of the company’s stock.

Central Securities Stock Performance

Shares of Central Securities stock traded down $1.17 during midday trading on Monday, hitting $55.22. The company’s stock had a trading volume of 32,744 shares, compared to its average volume of 37,370. Central Securities has a 1-year low of $47.82 and a 1-year high of $57.39. The stock has a 50-day simple moving average of $54.75 and a 200-day simple moving average of $53.04.

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.