Central Securities Corporation (NYSEAMERICAN:CET) Shares Shorted: Short Interest Up 138.2% in September

Central Securities Corporation (NYSEAMERICAN:CET) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,422 shares, an increase of 138.2% from the August 31st total of 3,116 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 25,981 shares, the days-to-cover ratio is presently 0.3 days.

Central Securities Trading Down 2.1%

Shares of Central Securities stock opened at $55.22 on Tuesday. Central Securities has a 52 week low of $47.82 and a 52 week high of $57.39. The firm’s 50 day moving average is $54.75 and its two-hundred day moving average is $53.04.

Institutional Investors Weigh In On Central Securities

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc purchased a new stake in shares of Central Securities in the 2nd quarter valued at about $42,000. Susquehanna International Group LLP purchased a new position in Central Securities during the 2nd quarter worth approximately $269,000. Northwestern Mutual Wealth Management Co. grew its stake in Central Securities by 62.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,756 shares of the company’s stock worth $92,000 after buying an additional 677 shares during the last quarter. Brasada Capital Management LP acquired a new position in Central Securities during the second quarter worth approximately $6,137,000. Finally, Roberts Glore & Co. Inc. IL acquired a new position in Central Securities during the second quarter worth approximately $1,822,000. 8.68% of the stock is currently owned by institutional investors and hedge funds.

Central Securities Company Profile

Central Securities Corp. (NYSE American: CET) is a diversified, closed-end management investment company. Its primary objective is long-term capital appreciation, with current income considered a secondary objective. Rather than operating a conventional commercial business, the company invests shareholders’ capital in a portfolio of securities.

The fund invests primarily in publicly traded equity securities, while also maintaining exposure to other investments, including fixed-income securities and privately held companies when deemed appropriate.