Central Puerto S.A. Sponsored ADR (NYSE:CEPU) Short Interest Update

Key Points

• Central Puerto S.A. experienced a significant 26.9% decrease in short interest, dropping from 623,300 shares to 455,800 shares as of September 15th.
• The company's stock opened at $7.81, with a market capitalization of $1.18 billion and a PE ratio of 7.97.
• Institutional investors currently own 2.97% of Central Puerto stock, with several hedge funds recently increasing their positions in the company.

Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 455,800 shares, a drop of 26.9% from the August 31st total of 623,300 shares. Based on an average daily volume of 297,500 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 297,500 shares, the short-interest ratio is presently 1.5 days.

Central Puerto Stock Down 0.6%

NYSE:CEPU opened at $7.81 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $10.19 and a 200-day moving average of $11.18. The firm has a market capitalization of $1.18 billion, a PE ratio of 7.97 and a beta of 1.07. Central Puerto has a 52 week low of $7.43 and a 52 week high of $16.60.

Central Puerto (NYSE:CEPU - Get Free Report) last released 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 business had revenue of $179.60 million during the quarter. Analysts predict that Central Puerto will post 0.63 EPS for the current year.

Institutional Trading of Central Puerto

Several hedge funds have recently bought and sold shares of the company. Advisors Preferred LLC bought a new position in Central Puerto in the 1st quarter worth about $53,000. Virtu Financial LLC acquired a new position in shares of Central Puerto during the first quarter worth approximately $170,000. Insigneo Advisory Services LLC acquired a new position in shares of Central Puerto during the first quarter worth approximately $200,000. Bank of America Corp DE grew its holdings in Central Puerto by 13.6% in the 2nd quarter. Bank of America Corp DE now owns 20,531 shares of the company's stock worth $240,000 after buying an additional 2,460 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in Central Puerto by 4,431.2% in the 1st quarter. NewEdge Advisors LLC now owns 30,540 shares of the company's stock valued at $339,000 after acquiring an additional 29,866 shares during the period. 2.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on CEPU shares. Wall Street Zen upgraded Central Puerto from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 3rd. Weiss Ratings restated a "sell (d+)" rating on shares of Central Puerto in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Sell".

Central Puerto Company Profile

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.

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