Century Aluminum Co. (NASDAQ:CENX) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 14,789,772 shares, an increase of 27.2% from the September 15th total of 11,627,090 shares. Currently, 30.1% of the company’s shares are short sold. Based on an average trading volume of 1,529,932 shares, the days-to-cover ratio is currently 9.7 days.

Several equities research analysts recently commented on CENX shares. JPMorgan Chase & Co. restated a “sell” rating on shares of Century Aluminum in a research report on Friday, July 29th. Zacks Investment Research downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $6.85.

Century Aluminum (NASDAQ:CENX) opened at 7.44 on Thursday. The company’s market cap is $647.84 million. Century Aluminum has a 12-month low of $2.63 and a 12-month high of $9.40. The stock’s 50 day moving average is $6.55 and its 200-day moving average is $6.95.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. Century Aluminum had a negative net margin of 8.41% and a negative return on equity of 11.96%. The company earned $326.75 million during the quarter, compared to analysts’ expectations of $338.22 million. During the same quarter in the previous year, the company earned $0.25 EPS. Century Aluminum’s revenue was down 37.6% on a year-over-year basis. Analysts predict that Century Aluminum will post ($0.32) earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of CENX. Landscape Capital Management L.L.C. acquired a new stake in shares of Century Aluminum during the first quarter valued at approximately $1,117,000. Aperio Group LLC boosted its stake in shares of Century Aluminum by 111.4% in the first quarter. Aperio Group LLC now owns 44,542 shares of the company’s stock valued at $314,000 after buying an additional 23,474 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Century Aluminum during the first quarter valued at approximately $260,000. Franklin Resources Inc. boosted its stake in shares of Century Aluminum by 53.3% in the first quarter. Franklin Resources Inc. now owns 843,000 shares of the company’s stock valued at $5,943,000 after buying an additional 293,000 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Century Aluminum during the second quarter valued at approximately $367,000. Institutional investors own 57.15% of the company’s stock.

About Century Aluminum

Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. Its primary aluminum facilities produce standard grade primary aluminum products.

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