Central Securities Corporation (NYSEAMERICAN:CET) Short Interest Update

Central Securities Corporation (NYSEAMERICAN:CET) saw a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 4,718 shares, a decrease of 55.4% from the February 26th total of 10,580 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 47,860 shares, the days-to-cover ratio is presently 0.1 days.

Central Securities Stock Down 0.8%

CET traded down $0.39 on Friday, hitting $48.67. 65,249 shares of the company’s stock traded hands, compared to its average volume of 44,313. The company’s 50 day simple moving average is $51.44 and its 200-day simple moving average is $51.02. Central Securities has a one year low of $40.24 and a one year high of $52.95.

Insider Transactions at Central Securities

In related news, CEO John C. Hill acquired 500 shares of Central Securities stock in a transaction dated Monday, December 29th. The stock was purchased at an average cost of $50.91 per share, for a total transaction of $25,455.00. Following the purchase, the chief executive officer directly owned 77,373 shares of the company’s stock, valued at approximately $3,939,059.43. This trade represents a 0.65% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On Central Securities

A number of hedge funds and other institutional investors have recently modified their holdings of CET. Assetmark Inc. purchased a new stake in Central Securities during the fourth quarter valued at approximately $35,000. Bank of America Corp DE bought a new position in shares of Central Securities during the 2nd quarter valued at approximately $64,000. Noble Wealth Management PBC purchased a new stake in Central Securities during the 4th quarter valued at $73,000. Vista Investment Partners II LLC bought a new stake in Central Securities in the third quarter worth $203,000. Finally, Level Four Advisory Services LLC purchased a new position in Central Securities during the third quarter worth $212,000. Institutional investors own 8.68% of the company’s stock.

Central Securities Company Profile

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.