Central Puerto S.A. (NYSE:CEPU) Short Interest Update

Central Puerto S.A. (NYSE:CEPU) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 840,200 shares, a drop of 11.5% from the September 15th total of 949,600 shares. Based on an average daily volume of 298,400 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Investors Weigh In On Central Puerto

Several institutional investors have recently added to or reduced their stakes in CEPU. GAMMA Investing LLC boosted its stake 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 purchasing an additional 1,420 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Central Puerto during the 1st quarter valued at approximately $29,000. Truist Financial Corp purchased a new position in shares of Central Puerto during the 2nd quarter worth approximately $161,000. Acadian Asset Management LLC purchased a new position in shares of Central Puerto during the 2nd quarter worth approximately $320,000. Finally, Ping Capital Management Inc. bought a new position in shares of Central Puerto in the 2nd quarter worth approximately $390,000. Hedge funds and other institutional investors own 2.97% of the company’s stock.

Central Puerto Price Performance

Shares of CEPU stock traded up $0.18 on Thursday, reaching $10.19. The company’s stock had a trading volume of 84,402 shares, compared to its average volume of 320,043. Central Puerto has a 12-month low of $5.44 and a 12-month high of $11.60. The stock’s 50 day simple moving average is $9.58 and its 200-day simple moving average is $9.50. The company has a quick ratio of 1.96, a current ratio of 2.13 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.54 billion, a P/E ratio of 3.94 and a beta of 1.26.

Central Puerto (NYSE:CEPU) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). The company 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%. As a group, equities analysts predict that Central Puerto will post 0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Bank of America upped their target price on shares of Central Puerto from $11.00 to $12.00 and gave the stock a “neutral” rating in a report 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.