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

Key Points

• Short interest in Central Puerto S.A. decreased by 30.4% in August, dropping from 746,700 shares on July 31st to 519,400 shares by August 15th.
• The company reported a quarterly EPS of $0.48 and had a revenue of $179.60 million.
• Wall Street Zen upgraded Central Puerto's rating from "buy" to "strong-buy", while the average price target stands at $12.00.

Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totaling 519,400 shares, a drop of 30.4% from the July 31st total of 746,700 shares. Based on an average trading volume of 244,900 shares, the days-to-cover ratio is presently 2.1 days. Based on an average trading volume of 244,900 shares, the days-to-cover ratio is presently 2.1 days.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Central Puerto

Several institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Preferred LLC acquired a new stake in Central Puerto in the first quarter worth $53,000. Tidal Investments LLC acquired a new stake in Central Puerto in the fourth quarter worth $176,000. Virtu Financial LLC acquired a new stake in Central Puerto in the first quarter worth $170,000. Insigneo Advisory Services LLC acquired a new stake in Central Puerto in the first quarter worth $200,000. Finally, Bank of America Corp DE increased its position in Central Puerto by 13.6% in the second 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 during the period. 2.97% of the stock is currently owned by hedge funds and other institutional investors.

Central Puerto Trading Down 5.0%

Shares of NYSE:CEPU traded down $0.45 during trading on Friday, reaching $8.53. 127,555 shares of the stock were exchanged, compared to its average volume of 296,697. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 8.70 and a beta of 1.16. Central Puerto has a 12-month low of $8.40 and a 12-month high of $16.60. The firm's 50-day moving average price is $11.31 and its 200 day moving average price is $11.64. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.20 and a current ratio of 1.31.

Central Puerto (NYSE:CEPU - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.48 earnings per share for the quarter. The firm had revenue of $179.60 million during the quarter. Central Puerto had a return on equity of 11.81% and a net margin of 21.30%. On average, sell-side analysts anticipate that Central Puerto will post 0.63 earnings per share 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.