Century Aluminum Co. (CENX) Sees Large Increase in Short Interest
Century Aluminum Co. (NASDAQ:CENX) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 14,789,772 shares, an increase of 27.2% from the September 15th total of 11,627,090 shares. Currently, 30.1% of the company’s shares are short sold. Based on an average daily trading volume, of 1,529,932 shares, the days-to-cover ratio is currently 9.7 days.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Profund Advisors LLC boosted its position in Century Aluminum by 5.9% in the second quarter. Profund Advisors LLC now owns 16,396 shares of the company’s stock worth $104,000 after buying an additional 920 shares during the period. Springbok Capital Management LLC bought a new position in Century Aluminum during the first quarter worth approximately $106,000. TFS Capital LLC bought a new position in Century Aluminum during the second quarter worth approximately $130,000. Zacks Investment Management bought a new position in Century Aluminum during the second quarter worth approximately $132,000. Finally, BlackRock Advisors LLC boosted its position in Century Aluminum by 4.4% in the second quarter. BlackRock Advisors LLC now owns 23,517 shares of the company’s stock worth $149,000 after buying an additional 994 shares during the period. 57.15% of the stock is owned by hedge funds and other institutional investors.
Century Aluminum (NASDAQ:CENX) opened at 7.44 on Thursday. The firm’s market cap is $647.84 million. The stock has a 50 day moving average of $6.55 and a 200 day moving average of $6.95. Century Aluminum has a 12-month low of $2.63 and a 12-month high of $9.40.
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Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, July 28th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm earned $326.75 million during the quarter, compared to analysts’ expectations of $338.22 million. Century Aluminum had a negative net margin of 8.41% and a negative return on equity of 11.96%. The business’s revenue for the quarter was down 37.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, equities research analysts anticipate that Century Aluminum will post ($0.32) EPS for the current fiscal year.
A number of research analysts recently issued reports on CENX shares. Zacks Investment Research cut shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. JPMorgan Chase & Co. restated a “sell” rating on shares of Century Aluminum in a report on Friday, July 29th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Century Aluminum has an average rating of “Hold” and a consensus target price of $6.85.
Century Aluminum Company Profile
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. Its primary aluminum facilities produce standard grade primary aluminum products.
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