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

Central Securities Corporation (NYSEAMERICAN:CET) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 914 shares, a decline of 89.2% from the July 15th total of 8,454 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 32,859 shares, the short-interest ratio is presently 0.0 days.

Central Securities Trading Down 0.4%

CET opened at $55.02 on Friday. Central Securities has a 52-week low of $47.82 and a 52-week high of $55.99. The company has a 50 day moving average of $53.03 and a two-hundred day moving average of $52.30.

Central Securities Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, June 12th. This represents a dividend yield of 117.0%.

Institutional Trading of Central Securities

Large investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont purchased a new position in Central Securities in the second quarter valued at about $29,000. Assetmark Inc. purchased a new stake in shares of Central Securities in the fourth quarter worth about $35,000. Bank of America Corp DE purchased a new stake in shares of Central Securities in the second quarter worth about $64,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Central Securities in the second quarter worth about $92,000. Finally, Williams Jones Wealth Management LLC. acquired a new stake in shares of Central Securities in the third quarter valued at about $214,000. 8.68% of the stock is currently owned by institutional investors and hedge funds.

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.