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

Central Puerto S.A. (NYSE:CEPU) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 840,200 shares, a decrease of 11.5% from the September 15th total of 949,600 shares. Based on an average trading volume of 298,400 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Investors Weigh In On Central Puerto

A number of hedge funds and other institutional investors have recently made changes to their positions in CEPU. BNP Paribas Financial Markets acquired a new position in shares of Central Puerto during the 1st quarter valued at about $29,000. GAMMA Investing LLC increased its position in Central Puerto by 62.4% during the third quarter. GAMMA Investing LLC now owns 3,694 shares of the company’s stock worth $35,000 after purchasing an additional 1,420 shares during the last quarter. Truist Financial Corp purchased a new position in Central Puerto during the second quarter worth approximately $161,000. Acadian Asset Management LLC acquired a new position in shares of Central Puerto in the 2nd quarter valued at $320,000. Finally, Ping Capital Management Inc. purchased a new stake in shares of Central Puerto during the 2nd quarter valued at $390,000. Hedge funds and other institutional investors own 2.97% of the company’s stock.

Central Puerto Price Performance

Shares of NYSE CEPU traded up $0.05 during trading on Thursday, reaching $10.06. The company had a trading volume of 23,268 shares, compared to its average volume of 319,739. The stock has a market capitalization of $1.52 billion, a PE ratio of 3.94 and a beta of 1.26. The company has a current ratio of 2.13, a quick ratio of 1.96 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $9.58 and a two-hundred day moving average price of $9.50. Central Puerto has a twelve month low of $5.44 and a twelve month high of $11.60.

Central Puerto (NYSE:CEPU) last announced its earnings results on Friday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The firm had revenue of $168.00 million for the quarter. Central Puerto had a return on equity of 21.76% and a net margin of 52.54%. As a group, sell-side analysts predict that Central Puerto will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Bank of America increased their price target on shares of Central Puerto from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th.

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.