Short Interest in Central Puerto S.A. (NYSE:CEPU) Drops By 11.5%

Central Puerto S.A. (NYSE:CEPU) was the recipient 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 currently 2.8 days.

Institutional Investors Weigh In On Central Puerto

Several hedge funds have recently modified their holdings of the business. 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 worth $35,000 after buying an additional 1,420 shares during the period. Truist Financial Corp bought a new position in Central Puerto in the second quarter valued at about $161,000. Ping Capital Management Inc. acquired a new position in shares of Central Puerto in the 2nd quarter valued at $390,000. Acadian Asset Management LLC acquired a new position in shares of Central Puerto during the 2nd quarter worth about $320,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Central Puerto in the 1st quarter valued at $29,000. 2.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Central Puerto Trading Up 0.5 %

Shares of NYSE CEPU traded up $0.05 during mid-day trading on Thursday, hitting $10.06. 23,268 shares of the company traded hands, compared to its average volume of 319,739. The company has a quick ratio of 1.96, a current ratio of 2.13 and a debt-to-equity ratio of 0.19. Central Puerto has a 1 year low of $5.44 and a 1 year high of $11.60. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 3.94 and a beta of 1.26. The business has a 50 day moving average of $9.58 and a two-hundred day moving average of $9.50.

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

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.