Century Aluminum Company (CENX) : The traders have covered their outstanding shorts in Century Aluminum Company (CENX) to the tune of -603,973 shares, a change of -4.6%. As on Jul 29, 2016, the outstanding shorts on the stock were 13,172,165 shares, however, by August 15, 2016, the shorts had reduced to 12,568,192 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 25.6% of the free float of the stock. It takes 7 days to cover the outstanding short positions. The stock has an average daily volume of 1,864,132 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Century Aluminum Company (NASDAQ:CENX): The stock opened at $7.47 on Wednesday but the bulls could not build on the opening and the stock topped out at $7.49 for the day. The stock traded down to $6.85 during the day, due to lack of any buying support eventually closed down at $6.87 with a loss of -9.01% for the day. The stock had closed at $7.55 on the previous day. The total traded volume was 2,761,318 shares.
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.