Central Puerto S.A. (NYSE:CEPU) Sees Significant Decline in Short Interest

Central Puerto S.A. (NYSE:CEPU) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 853,500 shares, a drop of 15.5% from the February 13th total of 1,010,000 shares. Based on an average daily trading volume, of 356,900 shares, the short-interest ratio is presently 2.4 days. Approximately 0.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On Central Puerto

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Verition Fund Management LLC bought a new stake in shares of Central Puerto during the 3rd quarter worth $121,000. Quadrature Capital Ltd bought a new stake in Central Puerto during the third quarter worth about $122,000. GAMMA Investing LLC lifted its stake in Central Puerto by 169.1% during the fourth quarter. GAMMA Investing LLC now owns 9,942 shares of the company’s stock worth $144,000 after purchasing an additional 6,248 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Central Puerto during the 3rd quarter valued at about $157,000. Finally, Tidal Investments LLC purchased a new position in shares of Central Puerto during the 4th quarter valued at about $176,000. Hedge funds and other institutional investors own 2.97% of the company’s stock.

Central Puerto Price Performance

NYSE:CEPU traded up $0.16 during trading hours on Thursday, hitting $12.37. 67,619 shares of the company’s stock traded hands, compared to its average volume of 334,595. Central Puerto has a 52 week low of $7.07 and a 52 week high of $16.60. The business’s fifty day simple moving average is $13.22 and its two-hundred day simple moving average is $12.50. The company has a quick ratio of 1.97, a current ratio of 2.13 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.87 billion, a P/E ratio of 4.85 and a beta of 1.18.

Central Puerto (NYSE:CEPU) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.26. The firm had revenue of $168.00 million during the quarter, compared to the consensus estimate of $187.32 billion. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. On average, research analysts anticipate that Central Puerto will post 0.63 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.