Central Puerto S.A. (NYSE:CEPU) Short Interest Down 9.4% in October

Central Puerto S.A. (NYSE:CEPU) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 790,800 shares, a drop of 9.4% from the October 15th total of 873,000 shares. Based on an average trading volume of 325,100 shares, the short-interest ratio is presently 2.4 days.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new position in shares of Central Puerto during the 1st quarter valued at $29,000. Acadian Asset Management LLC acquired a new position in Central Puerto in the 2nd quarter worth about $320,000. Ping Capital Management Inc. purchased a new stake in shares of Central Puerto during the 2nd quarter worth about $390,000. Truist Financial Corp acquired a new stake in shares of Central Puerto during the 2nd quarter valued at about $161,000. Finally, GAMMA Investing LLC grew its stake in shares of Central Puerto by 62.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,694 shares of the company’s stock valued at $35,000 after buying an additional 1,420 shares in the last quarter. 2.97% of the stock is owned by hedge funds and other institutional investors.

Central Puerto Stock Up 2.2 %

Shares of CEPU traded up $0.29 during mid-day trading on Tuesday, reaching $13.69. The company’s stock had a trading volume of 323,671 shares, compared to its average volume of 326,321. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 5.37 and a beta of 1.23. The business has a fifty day moving average of $10.73 and a 200 day moving average of $9.75. The company has a quick ratio of 1.97, a current ratio of 2.13 and a debt-to-equity ratio of 0.18. Central Puerto has a 1 year low of $7.00 and a 1 year high of $13.94.

Central Puerto (NYSE:CEPU) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.19). Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. The business had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $200.26 million. As a group, analysts forecast that Central Puerto will post 0.74 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.