Central Securities Corporation (NYSEAMERICAN:CET) Short Interest Update

Central Securities Corporation (NYSEAMERICAN:CET) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 3,116 shares, a growth of 397.8% from the August 15th total of 626 shares. Based on an average trading volume of 24,992 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Central Securities Trading Up 0.9%

Shares of NYSEAMERICAN CET traded up $0.50 during mid-day trading on Friday, reaching $56.00. 9,194 shares of the company’s stock were exchanged, compared to its average volume of 23,685. Central Securities has a twelve month low of $47.82 and a twelve month high of $56.00. The business has a fifty day simple moving average of $54.05 and a 200 day simple moving average of $52.73.

Institutional Trading of Central Securities

Several hedge funds have recently bought and sold shares of CET. Royal Bank of Canada lifted its stake in Central Securities by 3.9% in the first quarter. Royal Bank of Canada now owns 66,549 shares of the company’s stock valued at $2,993,000 after buying an additional 2,521 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Central Securities by 1.8% in the second quarter. Raymond James Financial Inc. now owns 305,304 shares of the company’s stock valued at $14,612,000 after buying an additional 5,511 shares during the period. Bank of America Corp DE bought a new stake in shares of Central Securities during the second quarter worth $64,000. Osaic Holdings Inc. increased its position in shares of Central Securities by 15.1% during the second quarter. Osaic Holdings Inc. now owns 10,052 shares of the company’s stock worth $481,000 after acquiring an additional 1,322 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Central Securities by 10.2% during the third quarter. First Trust Advisors LP now owns 49,671 shares of the company’s stock worth $2,552,000 after acquiring an additional 4,586 shares during the period. 8.68% of the stock is currently owned by institutional investors and hedge funds.

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.