Century Aluminum (NASDAQ:CENX) Short Interest Up 25.3% in May

by · The Cerbat Gem

Century Aluminum (NASDAQ:CENX – Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 6,490,000 shares, an increase of 25.3% from the April 30th total of 5,180,000 shares. Currently, 12.6% of the shares of the stock are sold short. Based on an average daily volume of 1,770,000 shares, the days-to-cover ratio is currently 3.7 days.

Century Aluminum Price Performance

Century Aluminum stock opened at $19.73 on Thursday. The stock’s fifty day moving average price is $16.38 and its two-hundred day moving average price is $18.71. Century Aluminum has a one year low of $11.40 and a one year high of $25.39. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The firm has a market cap of $1.84 billion, a PE ratio of 6.24 and a beta of 2.54.

Century Aluminum (NASDAQ:CENX – Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.25). Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The business had revenue of $633.90 million during the quarter, compared to analyst estimates of $643.80 million. As a group, research analysts expect that Century Aluminum will post 2.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen raised Century Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. BMO Capital Markets raised Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Monday, February 24th.

Check Out Our Latest Stock Analysis on Century Aluminum

Insiders Place Their Bets

In related news, CAO Robert F. Hoffman sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $19.99, for a total value of $49,975.00. Following the completion of the transaction, the chief accounting officer now owns 64,083 shares in the company, valued at $1,281,019.17. The trade was a 3.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp bought a new stake in Century Aluminum in the 1st quarter valued at about $25,000. New Age Alpha Advisors LLC bought a new stake in Century Aluminum in the fourth quarter worth about $39,000. AlphaQuest LLC boosted its stake in Century Aluminum by 2,889.3% in the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 2,427 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Century Aluminum by 261.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 2,909 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Century Aluminum by 13.1% during the 1st quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 628 shares during the last quarter. 61.59% of the stock is owned by institutional investors.

About Century Aluminum

(Get Free Report)

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.

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