Central Securities Corporation (NYSEAMERICAN:CET) Short Interest Update
by Teresa Graham · The Cerbat GemCentral Securities Corporation (NYSEAMERICAN:CET – Get Free Report) was the target of a significant increase in short interest in 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 company’s stock are short sold. Based on an average daily volume of 43,923 shares, the short-interest ratio is presently 0.2 days.
Central Securities Stock Up 0.8%
Central Securities stock traded up $0.40 during mid-day trading on Tuesday, reaching $52.30. The company’s stock had a trading volume of 41,405 shares, compared to its average volume of 34,896. The business’s 50 day simple moving average is $51.08 and its 200 day simple moving average is $51.00. Central Securities has a 12 month low of $41.37 and a 12 month high of $52.95.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of CET. Rockefeller Capital Management L.P. lifted its stake in shares of Central Securities by 2.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 803,728 shares of the company’s stock worth $40,757,000 after buying an additional 17,776 shares during the last quarter. Bulldog Investors LLP raised its stake in Central Securities by 1.3% in the 4th quarter. Bulldog Investors LLP now owns 390,946 shares of the company’s stock worth $19,825,000 after purchasing an additional 4,900 shares in the last quarter. Raymond James Financial Inc. raised its stake in Central Securities by 2.3% in the 3rd quarter. Raymond James Financial Inc. now owns 312,216 shares of the company’s stock worth $16,039,000 after purchasing an additional 6,912 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in Central Securities by 8.2% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 311,489 shares of the company’s stock worth $15,796,000 after purchasing an additional 23,696 shares in the last quarter. Finally, Brasada Capital Management LP raised its stake in Central Securities by 11.5% in the 4th 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 in the last quarter. Institutional investors own 8.68% of the company’s stock.
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.