CEMEX, S.A.B. de C.V. (NYSE:CX) Sees Large Increase in Short Interest

CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 22,970,000 shares, an increase of 48.4% from the January 31st total of 15,480,000 shares. Based on an average trading volume of 9,440,000 shares, the short-interest ratio is presently 2.4 days. Approximately 1.5% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several research firms recently commented on CX. The Goldman Sachs Group increased their price target on CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Royal Bank of Canada lifted their price target on CEMEX from $5.00 to $6.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $7.82.

CEMEX Trading Down 4.4 %

Shares of CEMEX stock traded down $0.28 on Friday, reaching $6.08. The company had a trading volume of 13,265,640 shares, compared to its average volume of 9,443,232. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. The firm has a market cap of $8.81 billion, a PE ratio of 9.66 and a beta of 1.49. The firm's 50 day moving average price is $6.03 and its two-hundred day moving average price is $5.90. CEMEX has a 52-week low of $5.00 and a 52-week high of $9.27.

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CEMEX (NYSE:CX - Get Free Report) last announced its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. Sell-side analysts predict that CEMEX will post 0.69 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be issued a $0.0207 dividend. The ex-dividend date is Monday, March 10th. CEMEX's dividend payout ratio (DPR) is currently 9.52%.

Institutional Trading of CEMEX

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc increased its holdings in shares of CEMEX by 159.1% in the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock valued at $28,000 after acquiring an additional 3,062 shares during the last quarter. Barclays PLC increased its stake in CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company's stock valued at $38,000 after purchasing an additional 1,843 shares during the last quarter. Townsquare Capital LLC purchased a new position in CEMEX in the fourth quarter valued at approximately $57,000. Dark Forest Capital Management LP acquired a new stake in CEMEX during the fourth quarter worth approximately $59,000. Finally, Raiffeisen Bank International AG purchased a new stake in shares of CEMEX during the 4th quarter worth approximately $59,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

CEMEX Company Profile

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.