Short Interest in Century Aluminum Co (NASDAQ:CENX) Expands By 7.9%

Century Aluminum Co (NASDAQ:CENX) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 6,841,000 shares, a growth of 7.9% from the April 30th total of 6,339,200 shares. Approximately 13.8% of the company’s shares are short sold. Based on an average daily volume of 1,310,000 shares, the days-to-cover ratio is currently 5.2 days.

In other Century Aluminum news, Director Andrew G. Michelmore acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were acquired at an average price of $5.78 per share, for a total transaction of $28,900.00. Following the completion of the acquisition, the director now directly owns 40,598 shares of the company’s stock, valued at $234,656.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.03% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of CENX. Texas Permanent School Fund raised its holdings in Century Aluminum by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 32,113 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 1,246 shares in the last quarter. Comerica Bank increased its holdings in shares of Century Aluminum by 3.1% in the first quarter. Comerica Bank now owns 48,969 shares of the industrial products company’s stock valued at $447,000 after buying an additional 1,476 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Century Aluminum by 5.5% in the second quarter. Crossmark Global Holdings Inc. now owns 35,480 shares of the industrial products company’s stock valued at $245,000 after buying an additional 1,835 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Century Aluminum by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 398,412 shares of the industrial products company’s stock valued at $2,912,000 after buying an additional 2,312 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Century Aluminum by 2.4% in the fourth quarter. Legal & General Group Plc now owns 115,304 shares of the industrial products company’s stock valued at $846,000 after buying an additional 2,701 shares in the last quarter. Institutional investors own 53.37% of the company’s stock.

CENX has been the topic of several research reports. TheStreet lowered Wayside Technology Group from a “b-” rating to a “c” rating in a research report on Wednesday, May 22nd. BidaskClub lowered Xperi from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 19th. Morgan Stanley set a $196.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Zacks Investment Research lowered German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, ValuEngine raised XPO Logistics from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Century Aluminum currently has a consensus rating of “Hold” and a consensus target price of $12.14.

Shares of Century Aluminum stock traded up $0.06 during trading hours on Friday, hitting $6.94. 853,919 shares of the company’s stock traded hands, compared to its average volume of 1,483,252. The stock has a 50 day moving average of $6.33. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 2.11. The stock has a market cap of $616.33 million, a P/E ratio of -49.57 and a beta of 1.86. Century Aluminum has a twelve month low of $5.37 and a twelve month high of $15.03.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported ($0.70) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.71) by $0.01. Century Aluminum had a negative return on equity of 9.33% and a negative net margin of 5.29%. The business had revenue of $490.00 million during the quarter, compared to the consensus estimate of $482.58 million. During the same period last year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Century Aluminum will post -1.18 EPS for the current fiscal year.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

Further Reading: Outstanding Shares

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