Short Interest in Central Puerto S.A. (NYSE:CEPU) Decreases By 9.4%

Central Puerto S.A. (NYSE:CEPU) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 790,800 shares, a decrease of 9.4% from the October 15th total of 873,000 shares. Based on an average daily volume of 325,100 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Investors Weigh In On Central Puerto

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new stake in shares of Central Puerto in the 1st quarter worth approximately $29,000. Financial Management Professionals Inc. bought a new position in shares of Central Puerto in the third quarter valued at $34,000. GAMMA Investing LLC lifted its position in shares of Central Puerto by 62.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,694 shares of the company’s stock valued at $35,000 after acquiring an additional 1,420 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Central Puerto during the 3rd quarter worth $121,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Central Puerto during the 3rd quarter worth $122,000. 2.97% of the stock is owned by institutional investors and hedge funds.

Central Puerto Price Performance

CEPU traded up $0.29 during trading on Tuesday, reaching $13.69. The stock had a trading volume of 323,671 shares, compared to its average volume of 326,321. The stock has a 50 day moving average of $10.73 and a two-hundred day moving average of $9.75. The company has a quick ratio of 1.97, a current ratio of 2.13 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 5.37 and a beta of 1.23. Central Puerto has a 1-year low of $7.00 and a 1-year high of $13.94.

Central Puerto (NYSE:CEPU) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.19). Central Puerto had a net margin of 56.44% and a return on equity of 22.76%. The firm had revenue of $185.00 million during the quarter, compared to analyst estimates of $200.26 million. As a group, equities analysts anticipate that Central Puerto will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.