Central Puerto S.A. Sponsored ADR (NYSE:CEPU) Short Interest Up 20.0% in August

Key Points

• Central Puerto S.A. (NYSE:CEPU) experienced a 20.0% increase in short interest in August, rising to 623,300 shares as of August 31st.
• Wall Street Zen upgraded CEPU from a "buy" to a "strong-buy" rating on August 3rd, signaling increased confidence in the stock.
• Hedge funds and institutional investors have shown increased interest in CEPU, with several firms boosting their holdings during the 2nd quarter.

Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 623,300 shares, a growth of 20.0% from the August 15th total of 519,400 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 248,200 shares, the days-to-cover ratio is presently 2.5 days. Based on an average trading volume of 248,200 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Central Puerto by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,423,762 shares of the company's stock valued at $26,880,000 after purchasing an additional 140,299 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Central Puerto during the 4th quarter valued at $405,000. Tidal Investments LLC bought a new stake in shares of Central Puerto during the 4th quarter worth $176,000. GAMMA Investing LLC grew its position in Central Puerto by 863.3% in the first quarter. GAMMA Investing LLC now owns 95,773 shares of the company's stock worth $1,062,000 after acquiring an additional 85,831 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Central Puerto in the first quarter valued at $688,000. 2.97% of the stock is currently owned by institutional investors.

Central Puerto Price Performance

Shares of CEPU traded up $1.00 during mid-day trading on Monday, reaching $8.68. 550,595 shares of the stock traded hands, compared to its average volume of 406,942. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 8.85 and a beta of 1.17. Central Puerto has a 1 year low of $7.43 and a 1 year high of $16.60. The firm has a fifty day moving average price of $10.87 and a 200 day moving average price of $11.45. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.09.

Central Puerto (NYSE:CEPU - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.48 earnings per share (EPS) for the quarter. Central Puerto had a return on equity of 11.81% and a net margin of 21.30%.The company had revenue of $179.60 million for the quarter. As a group, equities research analysts predict that Central Puerto will post 0.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Central Puerto from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 3rd.

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.