Century Aluminum (NASDAQ:CENX) Short Interest Update

Century Aluminum (NASDAQ:CENX) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 4,730,000 shares, a decrease of 13.7% from the October 15th total of 5,480,000 shares. Currently, 9.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,080,000 shares, the short-interest ratio is presently 4.4 days.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BMO Capital Markets lifted their price target on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. B. Riley upped their price objective on shares of Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th.

Century Aluminum Trading Up 7.1 %

Shares of CENX stock traded up $1.50 during trading hours on Friday, reaching $22.62. The company’s stock had a trading volume of 2,695,330 shares, compared to its average volume of 1,260,459. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. Century Aluminum has a one year low of $7.28 and a one year high of $24.21. The stock has a market capitalization of $2.10 billion, a P/E ratio of 7.57 and a beta of 2.47. The firm’s fifty day simple moving average is $16.97 and its 200 day simple moving average is $16.45.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.31. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. The business had revenue of $539.10 million for the quarter, compared to analysts’ expectations of $587.10 million. During the same quarter in the previous year, the business posted ($0.13) earnings per share. Equities research analysts expect that Century Aluminum will post 0.56 EPS for the current year.

Institutional Trading of Century Aluminum

Hedge funds have recently modified their holdings of the business. Covestor Ltd grew its stake in shares of Century Aluminum by 13,746.2% in the first quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,787 shares during the last quarter. Quest Partners LLC boosted its position in shares of Century Aluminum by 104.1% during the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after buying an additional 1,385 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Century Aluminum by 39.6% in the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 1,233 shares during the period. Russell Investments Group Ltd. boosted its holdings in Century Aluminum by 7,779.8% in the first quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 6,924 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new position in shares of Century Aluminum in the 1st quarter worth $163,000. Institutional investors own 61.59% of the company’s stock.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.