Central Securities Corporation (NYSEAMERICAN:CET) Stock Short Interest Report for October

Key Points

• Short interest fell sharply in Central Securities, declining 73.2% to 2,676 shares as of October 15 from 9,981 shares on September 30. Short interest represented approximately 0.0% of shares outstanding, with a short-interest ratio of 0.1 days.
• CET shares rose 0.4% to $56.48 during mid-day trading, near the stock’s one-year high of $57.39. The stock’s 50-day and 200-day moving averages were $55.52 and $53.12, respectively.
• CEO John C. Hill purchased 500 shares for approximately $28,185, while institutional investors and hedge funds held 8.68% of the company. Central Securities is a diversified closed-end investment company focused primarily on long-term capital appreciation through a portfolio of securities.

Central Securities Corporation (NYSEAMERICAN:CET - Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 2,676 shares, a decrease of 73.2% from the September 30th total of 9,981 shares. Based on an average daily trading volume, of 20,085 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company's stock are short sold.

Central Securities Trading Up 0.4%

NYSEAMERICAN:CET traded up $0.23 during mid-day trading on Wednesday, reaching $56.48. 14,503 shares of the stock were exchanged, compared to its average volume of 35,786. The company has a 50 day simple moving average of $55.52 and a 200-day simple moving average of $53.12. Central Securities has a 1 year low of $47.82 and a 1 year high of $57.39.

Insider Transactions at Central Securities

In related news, CEO John C. Hill purchased 500 shares of the company's stock in a transaction on Tuesday, October 6th. The shares were bought at an average cost of $56.37 per share, for a total transaction of $28,185.00. Following the completion of the purchase, the chief executive officer directly owned 78,101 shares of the company's stock, valued at approximately $4,402,553.37. This trade represents a 0.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.10% of the stock is owned by company insiders.

Institutional Trading of Central Securities

A number of large investors have recently made changes to their positions in the stock. Bulldog Investors LLP increased its stake in shares of Central Securities by 1.4% during the 1st quarter. Bulldog Investors LLP now owns 396,467 shares of the company's stock valued at $19,689,000 after acquiring an additional 5,521 shares during the last quarter. Brasada Capital Management LP acquired a new stake in shares of Central Securities during the second quarter worth approximately $6,137,000. Shaker Financial Services LLC increased its position in shares of Central Securities by 195.2% in the 3rd quarter. Shaker Financial Services LLC now owns 79,373 shares of the company's stock worth $4,406,000 after purchasing an additional 52,489 shares during the last quarter. First Trust Advisors LP raised its stake in Central Securities by 4.9% during the first quarter. First Trust Advisors LP now owns 57,564 shares of the company's stock valued at $2,859,000 after buying an additional 2,709 shares in the last quarter. Finally, Evolve Private Wealth LLC bought a new position in Central Securities during the second quarter worth $2,453,000. Institutional investors and hedge funds own 8.68% of the company's stock.

About Central Securities

Central Securities Corporation (NYSE American: CET) is a diversified closed-end investment company. Rather than operating businesses or selling products directly, the company invests capital in a portfolio of securities with the objective of achieving long-term capital appreciation, while also seeking current income as a secondary objective.

The company's portfolio may include publicly traded common stocks, convertible securities, fixed-income investments and investments in privately held companies.

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