Central Puerto S.A. (NYSE:CEPU) Short Interest Down 9.4% in October

Central Puerto S.A. (NYSE:CEPU) was the recipient of a significant decrease in short interest during the month of 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 short-interest ratio is presently 2.4 days.

Institutional Investors Weigh In On Central Puerto

A number of large investors have recently bought and sold shares of the stock. Ping Capital Management Inc. bought a new position in shares of Central Puerto in the 2nd quarter worth $390,000. Point72 Asset Management L.P. bought a new position in shares of Central Puerto in the third quarter valued at approximately $351,000. Acadian Asset Management LLC bought a new stake in Central Puerto during the second quarter worth $320,000. Truist Financial Corp purchased a new position in Central Puerto in the second quarter worth $161,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Central Puerto during the 3rd quarter valued at $122,000. 2.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Bank of America increased their price target 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

CEPU stock traded up $0.29 during trading hours on Tuesday, hitting $13.69. 305,567 shares of the stock were exchanged, compared to its average volume of 326,274. Central Puerto has a 12 month low of $7.00 and a 12 month high of $13.94. The company has a current ratio of 2.13, a quick ratio of 1.97 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.07 billion, a P/E ratio of 5.25 and a beta of 1.23. The company has a 50-day simple moving average of $10.73 and a two-hundred day simple moving average of $9.75.

Central Puerto (NYSE:CEPU) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19). Central Puerto had a net margin of 56.44% and a return on equity of 22.76%. The business had revenue of $185.00 million during the quarter, compared to the consensus estimate of $200.26 million. On average, analysts forecast that Central Puerto will post 0.74 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.