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

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

Central Puerto Trading Up 3.1 %

Shares of Central Puerto stock traded up $0.29 on Tuesday, hitting $9.76. 226,029 shares of the company traded hands, compared to its average volume of 324,256. The stock’s 50 day moving average price is $9.18 and its 200-day moving average price is $9.43. The company has a current ratio of 2.13, a quick ratio of 1.96 and a debt-to-equity ratio of 0.19. Central Puerto has a 52 week low of $5.30 and a 52 week high of $11.60. The company has a market cap of $1.48 billion, a PE ratio of 3.84 and a beta of 1.26.

Central Puerto (NYSE:CEPU) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The business had revenue of $168.00 million during the quarter. Central Puerto had a return on equity of 21.76% and a net margin of 52.54%. Equities research analysts predict that Central Puerto will post 0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Bank of America lifted their price target 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.

Hedge Funds Weigh In On Central Puerto

A number of large investors have recently bought and sold shares of CEPU. Hsbc Holdings PLC raised its stake in Central Puerto by 17.8% in the fourth quarter. Hsbc Holdings PLC now owns 206,552 shares of the company’s stock worth $1,896,000 after buying an additional 31,159 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Central Puerto in the first quarter worth $29,000. Acadian Asset Management LLC purchased a new position in Central Puerto in the second quarter worth $320,000. Ping Capital Management Inc. purchased a new position in Central Puerto in the second quarter worth $390,000. Finally, Truist Financial Corp purchased a new position in Central Puerto in the second quarter worth $161,000. Institutional investors own 2.97% of the company’s stock.

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.