Central Puerto S.A. (NYSE:CEPU) Sees Significant Increase in Short Interest

Central Puerto S.A. (NYSE:CEPU) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 949,600 shares, a growth of 12.1% from the August 31st total of 847,000 shares. Based on an average daily trading volume, of 287,900 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its stake in shares of Central Puerto by 17.8% during the 4th quarter. Hsbc Holdings PLC now owns 206,552 shares of the company’s stock worth $1,896,000 after acquiring an additional 31,159 shares in the last quarter. Ping Capital Management Inc. acquired a new position in Central Puerto in the 2nd quarter worth about $390,000. Acadian Asset Management LLC acquired a new position in Central Puerto in the 2nd quarter worth about $320,000. Truist Financial Corp purchased a new position in Central Puerto during the second quarter worth approximately $161,000. Finally, BNP Paribas Financial Markets acquired a new stake in Central Puerto in the first quarter valued at approximately $29,000. 2.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Central Puerto Stock Performance

Shares of CEPU traded up $0.29 during trading hours on Tuesday, reaching $9.76. 226,029 shares of the company traded hands, compared to its average volume of 324,256. The stock has a market capitalization of $1.48 billion, a P/E ratio of 3.84 and a beta of 1.26. 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 12-month low of $5.30 and a 12-month high of $11.60. The business has a fifty day moving average price of $9.18 and a 200-day moving average price of $9.43.

Central Puerto (NYSE:CEPU) last posted 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 business had revenue of $168.00 million for the quarter. Central Puerto had a net margin of 52.54% and a return on equity of 21.76%. Equities analysts anticipate that Central Puerto will post 0.53 EPS 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.