Short Interest in Central Puerto S.A. Sponsored ADR (NYSE:CEPU) Rises By 34.4%

Central Puerto S.A. Sponsored ADR (NYSE:CEPU) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 420,731 shares, a growth of 34.4% from the February 26th total of 313,031 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 373,216 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CEPU shares. Wall Street Zen cut Central Puerto from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Central Puerto in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

Institutional Trading of Central Puerto

Institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp acquired a new stake in shares of Central Puerto in the 3rd quarter valued at approximately $60,000. Banco Santander S.A. bought a new stake in Central Puerto in the third quarter valued at approximately $138,000. Squarepoint Ops LLC acquired a new stake in Central Puerto in the third quarter worth $138,000. Brooklyn Investment Group bought a new position in shares of Central Puerto during the fourth quarter worth $174,000. Finally, Harbour Capital Advisors LLC bought a new position in shares of Central Puerto during the fourth quarter worth $174,000. 2.97% of the stock is owned by institutional investors.

Central Puerto Trading Down 1.6%

Shares of NYSE:CEPU traded down $0.24 during midday trading on Friday, hitting $14.81. The company had a trading volume of 460,649 shares, compared to its average volume of 400,828. The company has a current ratio of 1.48, a quick ratio of 1.33 and a debt-to-equity ratio of 0.12. Central Puerto has a 12 month low of $7.43 and a 12 month high of $18.50. The firm has a fifty day simple moving average of $15.69 and a 200 day simple moving average of $14.21. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 8.81 and a beta of 1.05.

About Central Puerto

Central Puerto SA (NYSE: CEPU) is Argentina’s leading private power generation company, managing a diversified portfolio of thermal and renewable energy facilities across the country. Established following the privatization of the state-owned electricity company in the early 1990s, Central Puerto develops, operates and maintains a mix of combined-cycle and open-cycle gas turbine plants, as well as hydroelectric and renewable installations. The company’s thermal assets provide baseload and flexible generation capacity, while its renewable portfolio includes wind farms and solar parks that support Argentina’s clean energy objectives.

Headquartered in Buenos Aires, Central Puerto serves the national wholesale electricity market through long-term contracts with distribution companies and major industrial clients.