Century Aluminum (NASDAQ:CENX) Short Interest Update

Century Aluminum (NASDAQ:CENX) was the target of a significant 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. Based on an average daily trading volume, of 1,080,000 shares, the short-interest ratio is presently 4.4 days. Currently, 9.2% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CENX. B. Riley boosted their target price on Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, BMO Capital Markets raised their target price 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.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. 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 valued at $28,000 after buying an additional 1,787 shares in the last quarter. Quest Partners LLC increased its stake in Century Aluminum by 104.1% during the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 1,385 shares during the period. GAMMA Investing LLC lifted its position in shares of Century Aluminum by 39.6% during the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 1,233 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Century Aluminum by 7,779.8% during 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 in the last quarter. Finally, ProShare Advisors LLC purchased a new position in shares of Century Aluminum in the first quarter valued at approximately $163,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Trading Up 7.1 %

Shares of NASDAQ CENX traded up $1.50 during midday trading on Friday, reaching $22.62. 2,695,330 shares of the stock were exchanged, compared to its average volume of 1,341,705. The stock has a market capitalization of $2.10 billion, a P/E ratio of 7.57 and a beta of 2.47. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. The company has a 50 day simple moving average of $16.97 and a 200 day simple moving average of $16.45. Century Aluminum has a twelve month low of $7.28 and a twelve month high of $24.21.

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

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.