Central Puerto S.A. Sponsored ADR (NYSE:CEPU) Sees Significant Growth in Short Interest

Central Puerto S.A. Sponsored ADR (NYSE:CEPU) experienced a significant increase in short interest, rising 20.0% in August to 623,300 shares. This represents approximately 0.4% of the company's shares sold short, with a short-interest ratio of 2.5 days based on an average daily trading volume of 248,200 shares. Additionally, several institutional investors have increased their stakes in CEPU, and the stock is currently trading at $7.69 with a market cap of $1.16 billion. Analysts forecast an EPS of 0.63 for the current year.

Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 623,300 shares, an increase of 20.0% from the August 15th total of 519,400 shares. Based on an average daily volume of 248,200 shares, the short-interest ratio is presently 2.5 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 248,200 shares, the short-interest ratio is presently 2.5 days.

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Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Central Puerto from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 3rd.

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Institutional Investors Weigh In On Central Puerto

Several hedge funds and other institutional investors have recently bought and sold shares of CEPU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Central Puerto by 14.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,782,883 shares of the company's stock valued at $32,504,000 after purchasing an additional 359,121 shares in the last quarter. Banco BTG Pactual S.A. acquired a new stake in Central Puerto during the first quarter valued at approximately $1,996,000. Fourth Sail Capital LP bought a new stake in Central Puerto during the second quarter worth approximately $1,736,000. Hsbc Holdings PLC grew its position in Central Puerto by 16.7% in the first quarter. Hsbc Holdings PLC now owns 125,136 shares of the company's stock worth $1,405,000 after buying an additional 17,904 shares during the last quarter. Finally, Ping Capital Management Inc. increased its holdings in shares of Central Puerto by 29.3% in the second quarter. Ping Capital Management Inc. now owns 119,000 shares of the company's stock valued at $1,390,000 after buying an additional 27,000 shares in the last quarter. 2.97% of the stock is currently owned by institutional investors.

Central Puerto Stock Performance

Shares of NYSE:CEPU traded down $0.05 on Friday, hitting $7.69. The company's stock had a trading volume of 608,773 shares, compared to its average volume of 307,431. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 7.85 and a beta of 1.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.20 and a current ratio of 1.31. Central Puerto has a 12 month low of $7.43 and a 12 month high of $16.60. The stock's 50-day moving average is $10.99 and its two-hundred day moving average is $11.51.

Central Puerto (NYSE:CEPU - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.48 earnings per share for the quarter. Central Puerto had a return on equity of 11.81% and a net margin of 21.30%.The firm had revenue of $179.60 million during the quarter. On average, equities research analysts forecast that Central Puerto will post 0.63 EPS for the current year.

Central Puerto Company Profile

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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.

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