Central Puerto S.A. (NYSE:CEPU) Sees Large Decline in Short Interest

Central Puerto S.A. (NYSE:CEPU - Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 669,700 shares, a drop of 15.9% from the March 31st total of 796,200 shares. Approximately 0.4% of the company's stock are short sold. Based on an average daily volume of 287,800 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Investors Weigh In On Central Puerto

Several hedge funds have recently bought and sold shares of CEPU. Advisors Preferred LLC bought a new stake in Central Puerto in the first quarter valued at approximately $53,000. GAMMA Investing LLC raised its stake in Central Puerto by 169.1% in the 4th quarter. GAMMA Investing LLC now owns 9,942 shares of the company's stock valued at $144,000 after acquiring an additional 6,248 shares during the period. Tidal Investments LLC acquired a new stake in Central Puerto during the 4th quarter valued at $176,000. Virtu Financial LLC bought a new position in Central Puerto during the third quarter worth $157,000. Finally, Insigneo Advisory Services LLC acquired a new position in shares of Central Puerto in the first quarter valued at $200,000. 2.97% of the stock is currently owned by institutional investors and hedge funds.

Central Puerto Stock Up 0.4 %

Shares of Central Puerto stock traded up $0.04 during trading on Thursday, reaching $10.93. The stock had a trading volume of 143,539 shares, compared to its average volume of 319,255. The company has a current ratio of 2.13, a quick ratio of 1.97 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 4.29 and a beta of 1.09. Central Puerto has a 52 week low of $7.07 and a 52 week high of $16.60. The stock has a fifty day moving average price of $11.25 and a two-hundred day moving average price of $12.72.

Central Puerto (NYSE:CEPU - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.26. The firm had revenue of $168.00 million for the quarter, compared to analyst estimates of $187.32 billion. Central Puerto had a net margin of 56.44% and a return on equity of 22.76%. Sell-side analysts predict that Central Puerto will post 0.63 EPS for the current fiscal year.

About Central Puerto

Central Puerto SA engages in the electric power generation in Argentina. It operates through three segments: Electric Power Generation from Conventional Sources, Electric Power Generation from Renewable Sources, and Natural Gas Transport and Distribution. The company generates energy through thermal, hydroelectric, and wind farms.