Central Securities Corporation (NYSEAMERICAN:CET) Sees Significant Growth in Short Interest
by Doug Wharley · The Cerbat GemCentral Securities Corporation (NYSEAMERICAN:CET – Get Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 8,454 shares, an increase of 1,119.9% from the June 30th total of 693 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 39,887 shares, the short-interest ratio is currently 0.2 days.
Central Securities Price Performance
Shares of Central Securities stock traded down $0.24 during mid-day trading on Friday, hitting $52.20. 39,626 shares of the stock were exchanged, compared to its average volume of 38,632. Central Securities has a 12 month low of $47.76 and a 12 month high of $54.65. The company has a 50-day simple moving average of $52.71 and a 200 day simple moving average of $52.07.
Central Securities Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a yield of 117.0%.
Institutional Investors Weigh In On Central Securities
Several institutional investors have recently made changes to their positions in CET. Williams Jones Wealth Management LLC. increased its position in shares of Central Securities by 4.9% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 4,376 shares of the company’s stock valued at $222,000 after buying an additional 204 shares during the period. UBS Group AG lifted its stake in Central Securities by 0.4% in the 3rd quarter. UBS Group AG now owns 58,725 shares of the company’s stock worth $3,017,000 after purchasing an additional 246 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Central Securities by 4.9% in the 4th quarter. Park Avenue Securities LLC now owns 6,203 shares of the company’s stock valued at $315,000 after purchasing an additional 289 shares during the period. Accel Wealth Management boosted its holdings in Central Securities by 4.1% in the 4th quarter. Accel Wealth Management now owns 8,704 shares of the company’s stock valued at $441,000 after purchasing an additional 341 shares during the period. Finally, King Luther Capital Management Corp grew its position in shares of Central Securities by 4.9% during the 4th quarter. King Luther Capital Management Corp now owns 9,688 shares of the company’s stock valued at $491,000 after purchasing an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 8.68% of the company’s stock.
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.