Central Securities Corporation (NYSEAMERICAN:CET) Short Interest Update

Central Securities Corporation (NYSEAMERICAN:CET – Get Free Report) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 693 shares, a drop of 89.5% from the June 15th total of 6,610 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 42,949 shares, the days-to-cover ratio is presently 0.0 days.

Central Securities Stock Performance

Shares of NYSEAMERICAN:CET traded up $0.09 during midday trading on Friday, hitting $52.63. 40,499 shares of the stock traded hands, compared to its average volume of 40,887. The business’s 50 day moving average is $52.80 and its two-hundred day moving average is $51.94. Central Securities has a one year low of $47.76 and a one year high of $54.65.

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Central Securities Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a $0.31 dividend. This represents a dividend yield of 117.0%. The ex-dividend date of this dividend was Friday, June 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Evanson Financial LLC bought a new position in shares of Central Securities in the second quarter worth about $296,000. First Trust Advisors LP grew its stake in Central Securities by 4.9% in the first quarter. First Trust Advisors LP now owns 57,564 shares of the company’s stock worth $2,859,000 after purchasing an additional 2,709 shares in the last quarter. Bulldog Investors LLP raised its holdings in shares of Central Securities by 1.4% in the 1st quarter. Bulldog Investors LLP now owns 396,467 shares of the company’s stock valued at $19,689,000 after purchasing an additional 5,521 shares in the last quarter. Formidable Asset Management LLC increased its holdings in shares of Central Securities by 8.1% in the 1st quarter. Formidable Asset Management LLC now owns 10,990 shares of the company’s stock valued at $557,000 after acquiring an additional 823 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in Central Securities by 2.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 803,728 shares of the company’s stock valued at $40,757,000 after purchasing an additional 17,776 shares during the last quarter. Hedge funds and other institutional investors own 8.68% of the company’s stock.

About Central Securities

(Get Free Report)

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.

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