Central Puerto S.A. (NYSE:CEPU) Short Interest Up 12.1% in September

Central Puerto S.A. (NYSE:CEPU) was the target of a large growth in short interest in 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 volume of 287,900 shares, the days-to-cover ratio is presently 3.3 days.

Central Puerto Price Performance

NYSE CEPU traded up $0.12 on Friday, hitting $9.76. The stock had a trading volume of 323,915 shares, compared to its average volume of 324,653. Central Puerto has a 52-week low of $5.30 and a 52-week high of $11.60. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.96 and a current ratio of 2.13. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 3.84 and a beta of 1.26. The firm has a 50-day moving average of $9.16 and a 200-day moving average of $9.41.

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 the consensus estimate of $0.30 by ($0.25). The firm 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 analysts expect that Central Puerto will post 0.53 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Central Puerto

Several institutional investors and hedge funds have recently made changes to their positions in CEPU. BNP Paribas Financial Markets bought a new position in shares of Central Puerto during the 1st quarter valued at $29,000. Truist Financial Corp bought a new position in shares of Central Puerto during the 2nd quarter valued at $161,000. Acadian Asset Management LLC bought a new position in shares of Central Puerto during the 2nd quarter valued at $320,000. Ping Capital Management Inc. bought a new position in shares of Central Puerto during the 2nd quarter valued at $390,000. Finally, Hsbc Holdings PLC grew its holdings 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 valued at $1,896,000 after purchasing an additional 31,159 shares during the last quarter. Hedge funds and other institutional investors own 2.97% of the company’s stock.

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.