CEMEX, S.A.B. de C.V. (NYSE:CX) Short Interest Down 12.8% in May

CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 24,340,000 shares, a drop of 12.8% from the April 30th total of 27,900,000 shares. Approximately 1.6% of the company's shares are short sold. Based on an average daily volume of 15,050,000 shares, the days-to-cover ratio is presently 1.6 days.

CEMEX Stock Performance

NYSE:CX traded down $0.06 during mid-day trading on Friday, reaching $6.76. 6,432,180 shares of the company's stock were exchanged, compared to its average volume of 11,691,237. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. CEMEX has a one year low of $4.89 and a one year high of $7.34. The business's fifty day simple moving average is $6.14 and its two-hundred day simple moving average is $5.98. The firm has a market capitalization of $9.79 billion, a PE ratio of 10.72 and a beta of 1.41.

CEMEX (NYSE:CX - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The construction company reported $0.08 EPS for the quarter. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. The business had revenue of $186.46 million during the quarter, compared to the consensus estimate of $214.59 million. Analysts anticipate that CEMEX will post 0.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CEMEX

A number of large investors have recently modified their holdings of CX. IFP Advisors Inc lifted its holdings in shares of CEMEX by 159.1% in the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock worth $28,000 after acquiring an additional 3,062 shares during the last quarter. Natixis Advisors LLC increased its position in CEMEX by 13.6% during the 4th quarter. Natixis Advisors LLC now owns 358,776 shares of the construction company's stock valued at $2,023,000 after purchasing an additional 43,089 shares during the period. Vanguard Group Inc. lifted its holdings in CEMEX by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 3,863,502 shares of the construction company's stock valued at $21,790,000 after buying an additional 53,269 shares during the period. QRG Capital Management Inc. boosted its position in shares of CEMEX by 30.5% during the 4th quarter. QRG Capital Management Inc. now owns 30,937 shares of the construction company's stock valued at $174,000 after purchasing an additional 7,232 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of CEMEX during the 4th quarter worth approximately $63,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

CX has been the topic of several recent analyst reports. Wall Street Zen upgraded CEMEX from a "hold" rating to a "buy" rating in a report on Saturday, May 3rd. The Goldman Sachs Group increased their target price on shares of CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Bradesco Corretora set a $7.50 price target on CEMEX and gave the company a "neutral" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. boosted their price objective on shares of CEMEX from $6.00 to $6.80 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Finally, Royal Bank of Canada boosted their target price on CEMEX from $5.00 to $5.25 and gave the stock an "underperform" rating in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $7.58.

CEMEX Company Profile

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.