Short Interest Runner: Century Aluminum Company (NASDAQ:CENX) Can’t Be More Risky. Short Interest Increased

November 29, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Runner: Century Aluminum Company (NASDAQ:CENX) Can't Be More Risky. Short Interest Increased

The stock of Century Aluminum Company (NASDAQ:CENX) registered an increase of 11.76% in short interest. CENX’s total short interest was 12.82 million shares in November as published by FINRA. Its up 11.76% from 11.47 million shares, reported previously. With 2.03 million shares average volume, it will take short sellers 6 days to cover their CENX’s short positions. The short interest to Century Aluminum Company’s float is 26%. The stock decreased 5.65% or $0.59 during the last trading session, hitting $9.86. Century Aluminum Co (NASDAQ:CENX) has risen 15.19% since April 26, 2016 and is uptrending. It has outperformed by 9.93% the S&P500.

Century Aluminum Company 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 has a market cap of $866.02 million. The Firm operates through primary aluminum segment. It currently has negative earnings. The Company’s primary aluminum facilities produce standard grade primary aluminum products.

Insitutional Activity: The institutional sentiment increased to 1.28 in 2016 Q2. Its up 0.23, from 1.05 in 2016Q1. The ratio is positive, as 24 funds sold all Century Aluminum Co shares owned while 38 reduced positions. 17 funds bought stakes while 48 increased positions. They now own 46.69 million shares or 3.17% less from 48.22 million shares in 2016Q1.
State Of Tennessee Treasury Department holds 0% or 39,839 shares in its portfolio. Swiss Bank & Trust accumulated 0% or 83,650 shares. The New York-based D E Shaw & Com has invested 0.02% in Century Aluminum Co (NASDAQ:CENX). Airain owns 120,035 shares or 0.04% of their US portfolio. The Illinois-based Citadel Advsr Ltd Limited Liability Company has invested 0% in Century Aluminum Co (NASDAQ:CENX). Invesco Limited holds 718,389 shares or 0% of its portfolio. California State Teachers Retirement System last reported 104,628 shares in the company. Cim Invest Mangement has 0.04% invested in the company for 16,505 shares. Citigroup Inc has 31,817 shares for 0% of their US portfolio. Hbk Investments Ltd Partnership has 20,100 shares for 0% of their US portfolio. Parallax Volatility Advisers Ltd Partnership has 0% invested in the company for 6,149 shares. Moreover, Teacher Retirement Systems Of Texas has 0% invested in Century Aluminum Co (NASDAQ:CENX) for 7,246 shares. Highbridge Cap Mgmt Ltd Liability Company last reported 10,783 shares in the company. Hsbc Hldg Public Lc accumulated 419,580 shares or 0.01% of the stock. Blackrock Inc accumulated 11,407 shares or 0% of the stock.

Century Aluminum Co (NASDAQ:CENX) Ratings Coverage

Out of 5 analysts covering Century Aluminum Company (NASDAQ:CENX), 0 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 0 are positive. Century Aluminum Company has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Cowen & Co maintained Century Aluminum Co (NASDAQ:CENX) rating on Friday, August 7. Cowen & Co has “Market Perform” rating and $7.0 price target. The rating was downgraded by Deutsche Bank on Monday, October 5 to “Hold”. Cowen & Co maintained the stock with “Market Perform” rating in Friday, April 29 report. The stock of Century Aluminum Co (NASDAQ:CENX) earned “Underweight” rating by Morgan Stanley on Tuesday, August 18. As per Monday, November 9, the company rating was downgraded by Nomura. The company was upgraded on Friday, October 28 by JP Morgan. The stock of Century Aluminum Co (NASDAQ:CENX) has “Market Perform” rating given on Friday, August 7 by Cowen & Co. On Monday, May 2 the stock rating was maintained by Deutsche Bank with “Hold”. On Friday, February 19 the stock rating was maintained by Cowen & Co with “Market Perform”. The company was downgraded on Tuesday, February 23 by BMO Capital Markets.

CENX Company Profile

Century Aluminum Company (Century), incorporated on February 20, 1981, 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 Firm operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products. The Company’s annual primary aluminum production capacity is approximately 1,013,000 tons yearly (tpy). The Company’s principal subsidiaries are Century Kentucky, Inc. (CAKY), Nordural ehf (Nordural), Century Aluminum Sebree LLC (Century Sebree), Century Aluminum of South Carolina (CASC) and Century Aluminum of West Virginia, Inc. (Century of West Virginia). The Company’s CAKY operates a primary aluminum reduction facility in Hawesville, Kentucky (Hawesville). Nordural Grundartangi ehf, a subsidiary of Nordural, operates a primary aluminum reduction facility in Grundartangi, Iceland (Grundartangi). Century Sebree operates a primary aluminum reduction facility in Robards, Kentucky (Sebree). CASC operates a primary aluminum reduction facility in Mt. Holly, South Carolina (Mt. Holly). Nordural Helguvik ehf, a subsidiary of Nordural, owns a greenfield primary aluminum project in Helguvik, Iceland (Helguvik or the Helguvik project).

More news for Century Aluminum Co (NASDAQ:CENX) were recently published by: Fool.com, which released: “Why Shares of Century Aluminum Co. Are Rising 12% Today” on November 09, 2016. Fool.com‘s article titled: “Why Century Aluminum Co. Shares Fell 35.5% in May” and published on June 08, 2016 is yet another important article.

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By Pete Kolinski


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