Central Securities Corporation (NYSEAMERICAN:CET) Sees Significant Increase in Short Interest

Central Securities Corporation (NYSEAMERICAN:CET) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 8,896 shares, an increase of 88.6% from the March 15th total of 4,718 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 43,923 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Central Securities

A number of hedge funds and other institutional investors have recently made changes to their positions in CET. Assetmark Inc. bought a new stake in shares of Central Securities during the 4th quarter worth about $35,000. Bank of America Corp DE bought a new stake in shares of Central Securities during the 2nd quarter worth about $64,000. Noble Wealth Management PBC bought a new stake in shares of Central Securities during the 4th quarter worth about $73,000. Vista Investment Partners II LLC bought a new stake in shares of Central Securities during the 3rd quarter worth about $203,000. Finally, Level Four Advisory Services LLC bought a new stake in shares of Central Securities during the 3rd quarter worth about $212,000. 8.68% of the stock is currently owned by institutional investors.

Central Securities Stock Performance

Shares of NYSEAMERICAN:CET opened at $51.56 on Monday. The company’s 50-day moving average price is $51.08 and its 200 day moving average price is $50.98. Central Securities has a fifty-two week low of $41.12 and a fifty-two week high of $52.95.

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.