Short Interest in Central Puerto S.A. Sponsored ADR (NYSE:CEPU) Decreases By 43.0%

Central Puerto S.A. Sponsored ADR (NYSE:CEPU) experienced a significant 43.0% decrease in short interest in October, dropping to 299,000 shares from 524,600 shares. Currently, 0.2% of the stock is sold short, with a days-to-cover ratio of 0.8 days based on an average daily trading volume of 385,900 shares. Hedge funds have adjusted their stakes, with Bank of America increasing its position by 13.6%. Analysts have mixed ratings, with one upgrading to "buy" and another maintaining a "sell" rating. CEPU shares traded up 10.0% recently, reaching $15.64.

Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 299,000 shares, a decline of 43.0% from the September 30th total of 524,600 shares. Currently, 0.2% of the company's shares are sold short. Based on an average trading volume of 385,900 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 385,900 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company's shares are sold short.

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Hedge Funds Weigh In On Central Puerto

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in Central Puerto by 13.6% in the second quarter. Bank of America Corp DE now owns 20,531 shares of the company's stock valued at $240,000 after purchasing an additional 2,460 shares during the last quarter. Jane Street Group LLC increased its stake in Central Puerto by 6.9% in the second quarter. Jane Street Group LLC now owns 53,073 shares of the company's stock valued at $620,000 after purchasing an additional 3,424 shares during the last quarter. Advisors Preferred LLC purchased a new position in shares of Central Puerto during the first quarter worth about $53,000. Ping Capital Management Inc. grew its holdings in shares of Central Puerto by 7.0% during the first quarter. Ping Capital Management Inc. now owns 92,000 shares of the company's stock worth $1,020,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Central Puerto by 41.1% during the second quarter. Invesco Ltd. now owns 30,434 shares of the company's stock worth $355,000 after purchasing an additional 8,867 shares during the last quarter. 2.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on CEPU shares. Wall Street Zen cut shares of Central Puerto from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Citigroup started coverage on shares of Central Puerto in a report on Wednesday. They issued a "buy" rating and a $17.50 price objective on the stock. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Central Puerto in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Central Puerto has an average rating of "Hold" and a consensus price target of $17.50.

Read Our Latest Report on Central Puerto

Central Puerto Trading Up 10.0%

NYSE:CEPU traded up $1.42 on Friday, reaching $15.64. 1,047,853 shares of the company's stock were exchanged, compared to its average volume of 345,646. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 15.96 and a beta of 1.07. The business has a fifty day moving average of $9.55 and a 200-day moving average of $11.12. Central Puerto has a 52-week low of $7.43 and a 52-week high of $16.60.

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 net margin of 21.30% and a return on equity of 11.81%. The firm had revenue of $179.60 million for the quarter. As a group, analysts expect that Central Puerto will post 0.63 earnings per share for the current year.

About Central Puerto

(Get Free Report)

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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