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

Central Securities Corporation (NYSEAMERICAN:CET) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 3,969 shares, a decrease of 79.0% from the May 14th total of 18,942 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 28,205 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Central Securities

A number of institutional investors have recently bought and sold shares of the business. Williams Jones Wealth Management LLC. boosted its holdings in Central Securities by 4.9% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 4,376 shares of the company’s stock valued at $222,000 after purchasing an additional 204 shares during the period. UBS Group AG boosted its holdings in Central Securities by 0.4% in the 3rd quarter. UBS Group AG now owns 58,725 shares of the company’s stock valued at $3,017,000 after purchasing an additional 246 shares during the period. Park Avenue Securities LLC boosted its holdings in Central Securities by 4.9% in the 4th quarter. Park Avenue Securities LLC now owns 6,203 shares of the company’s stock valued at $315,000 after purchasing an additional 289 shares during the period. Accel Wealth Management boosted its holdings in Central Securities by 4.1% in the 4th quarter. Accel Wealth Management now owns 8,704 shares of the company’s stock valued at $441,000 after purchasing an additional 341 shares during the period. Finally, King Luther Capital Management Corp boosted its holdings in Central Securities by 4.9% in the 4th quarter. King Luther Capital Management Corp now owns 9,688 shares of the company’s stock valued at $491,000 after purchasing an additional 452 shares during the period. Institutional investors own 8.68% of the company’s stock.

Central Securities Stock Up 1.3%

Central Securities stock traded up $0.68 during trading hours on Friday, hitting $53.18. The company had a trading volume of 17,412 shares, compared to its average volume of 40,558. Central Securities has a one year low of $46.47 and a one year high of $54.28. The firm has a 50-day moving average of $52.53 and a 200 day moving average of $51.61.

Central Securities Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.31 dividend. This represents a yield of 117.0%. The ex-dividend date of this dividend is Friday, June 12th.

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.