Century Aluminum Company (NASDAQ:CENX), According to the latest information the short interest in Century Aluminum Company shot up by 1.1% or 133,879 shares. The final shorts are 24.3% of the total floated shares. The positions increased from 11,802,572 shares on May 31,2016 to 11,936,451 on June 15,2016. According to the per-day average trading of 1,880,243 shares, the days to cover are 6. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Century Aluminum Company (NASDAQ:CENX): The stock opened at $6.43 on Friday but the bulls could not build on the opening and the stock topped out at $6.52 for the day. The stock traded down to $6.25 during the day, due to lack of any buying support eventually closed down at $6.27 with a loss of -9.00% for the day. The stock had closed at $6.89 on the previous day. The total traded volume was 2,524,927 shares.
The company shares have dropped -40.74% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $11.16 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $6.66 and the 200 Day Moving Average price is recorded at $6.02.
Century Aluminum Company (NASDAQ:CENX) has tumbled 3.69% during the past week and has dropped 5% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.09%. Century Aluminum Company (NASDAQ:CENX) has underperformed the index by 2.13% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Century Aluminum Company (Century) is a holding company, engaged in the production of primary aluminum and operation of aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates three United States aluminum smelters, in Hawesville, Kentucky (Hawesville), Robards, Kentucky (Sebree) and Mt. Holly, South Carolina (Mt. Holly), and one smelter in Grundartangi, Iceland (Grundartangi). The Company produces several primary products at its facilities, which include billet, foundry, slab and sow. The Companys annual primary aluminum production capacity is approximately 1,166,000 tons per year (tpy). In addition to its primary aluminum assets, the Company also owns a carbon anode production facility located in Vlissingen, the Netherlands (Vlissingen) and Baise Haohai Carbon Company, Ltd. (BHH) that owns and operates a carbon anode and cathode facility located in the Guangxi Zhuang Autonomous Region of south China.