Central Securities Corporation (NYSEAMERICAN:CET) Short Interest Update

Key Points

• Short interest surged 138.2% to 7,422 shares as of September 15, up from 3,116 shares on August 31. Despite the increase, only 0.0% of the company’s stock was short, with a short-interest ratio of 0.3 days.
• Institutional investors generally increased their positions, including Rockefeller Capital Management, Bulldog Investors, Brasada Capital Management, and First Trust Advisors. Hedge funds and other institutions collectively owned 8.68% of Central Securities.
• Central Securities shares rose to $56.39, near the company’s 12-month high of $57.39 and above its 50-day and 200-day moving averages. The closed-end investment company primarily seeks long-term capital appreciation through a diversified securities portfolio.

Central Securities Corporation (NYSEAMERICAN:CET - Get Free Report) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,422 shares, an increase of 138.2% from the August 31st total of 3,116 shares. Based on an average daily volume of 25,981 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company's stock are short sold.

Institutional Trading of Central Securities

A number of institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. increased its holdings in shares of 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 acquiring an additional 17,776 shares during the last quarter. Bulldog Investors LLP lifted its stake in Central Securities by 1.4% during the first quarter. Bulldog Investors LLP now owns 396,467 shares of the company's stock worth $19,689,000 after purchasing an additional 5,521 shares during the last quarter. Brasada Capital Management LP lifted its stake in Central Securities by 11.5% during the fourth quarter. Brasada Capital Management LP now owns 122,996 shares of the company's stock worth $6,240,000 after purchasing an additional 12,716 shares during the last quarter. First Trust Advisors LP boosted its holdings in Central Securities by 4.9% in the first quarter. First Trust Advisors LP now owns 57,564 shares of the company's stock valued at $2,859,000 after purchasing an additional 2,709 shares in the last quarter. Finally, Evolve Private Wealth LLC acquired a new position in Central Securities in the second quarter valued at approximately $2,453,000. 8.68% of the stock is owned by hedge funds and other institutional investors.

Central Securities Price Performance

Shares of Central Securities stock traded up $0.54 during trading on Friday, hitting $56.39. 25,162 shares of the stock were exchanged, compared to its average volume of 23,653. The firm's 50-day moving average price is $54.70 and its 200 day moving average price is $53.00. Central Securities has a 12-month low of $47.82 and a 12-month high of $57.39.

Central Securities Company Profile

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.

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