Short Interest in CEMEX, S.A.B. de C.V. (NYSE:CX) Grows By 9.3%

CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 7,970,000 shares, an increase of 9.3% from the November 15th total of 7,290,000 shares. Approximately 0.5% of the company's stock are short sold. Based on an average daily volume of 10,510,000 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com lowered CEMEX from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 11th. JPMorgan Chase & Co. downgraded shares of CEMEX from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $7.00 to $6.00 in a research report on Tuesday, October 29th. Royal Bank of Canada cut shares of CEMEX from a "sector perform" rating to an "underperform" rating and reduced their price target for the stock from $6.00 to $5.00 in a research report on Wednesday, December 11th. Barclays cut their price objective on CEMEX from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Finally, Scotiabank dropped their price target on CEMEX from $10.00 to $8.90 and set a "sector outperform" rating on the stock in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, CEMEX currently has a consensus rating of "Hold" and an average price target of $7.65.

Institutional Trading of CEMEX

A number of institutional investors have recently bought and sold shares of the company. Cetera Advisors LLC acquired a new position in CEMEX during the first quarter valued at approximately $130,000. Blue Trust Inc. boosted its holdings in CEMEX by 166.3% during the second quarter. Blue Trust Inc. now owns 18,156 shares of the construction company's stock valued at $116,000 after acquiring an additional 11,337 shares during the period. Hosking Partners LLP grew its position in shares of CEMEX by 21.2% in the second quarter. Hosking Partners LLP now owns 4,558,040 shares of the construction company's stock valued at $29,126,000 after purchasing an additional 798,550 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of CEMEX by 6,721.1% in the second quarter. Panagora Asset Management Inc. now owns 867,845 shares of the construction company's stock worth $5,546,000 after purchasing an additional 855,122 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of CEMEX by 0.6% during the 2nd quarter. Principal Financial Group Inc. now owns 19,983,888 shares of the construction company's stock worth $127,697,000 after purchasing an additional 112,479 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

CEMEX Price Performance

Shares of NYSE:CX traded up $0.02 during trading hours on Tuesday, hitting $5.62. 10,384,426 shares of the company's stock traded hands, compared to its average volume of 8,777,123. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.98. The company's fifty day simple moving average is $5.67 and its two-hundred day simple moving average is $6.10. CEMEX has a 52 week low of $5.00 and a 52 week high of $9.27. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 18.73 and a beta of 1.50.

CEMEX Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.0207 per share. The ex-dividend date is Tuesday, December 10th. CEMEX's dividend payout ratio (DPR) is currently 20.00%.

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.