Central Puerto S.A. (NYSE:CEPU) Sees Large Decrease in Short Interest

Central Puerto S.A. (NYSE:CEPU - Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 840,200 shares, a drop of 11.5% from the September 15th total of 949,600 shares. Based on an average trading volume of 298,400 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Investors Weigh In On Central Puerto

Several institutional investors have recently bought and sold shares of the company. Ping Capital Management Inc. acquired a new stake in Central Puerto in the second quarter valued at approximately $390,000. Acadian Asset Management LLC acquired a new stake in Central Puerto in the second quarter valued at approximately $320,000. Truist Financial Corp acquired a new stake in Central Puerto in the second quarter valued at approximately $161,000. GAMMA Investing LLC boosted its stake in Central Puerto by 62.4% in the third quarter. GAMMA Investing LLC now owns 3,694 shares of the company's stock valued at $35,000 after acquiring an additional 1,420 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Central Puerto in the first quarter worth $29,000. 2.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Bank of America increased their price objective on shares of Central Puerto from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Wednesday, September 11th.

Central Puerto Stock Up 1.1 %

Shares of NYSE CEPU traded up $0.11 during midday trading on Tuesday, reaching $10.49. 287,168 shares of the company's stock traded hands, compared to its average volume of 321,439. The company has a quick ratio of 1.96, a current ratio of 2.13 and a debt-to-equity ratio of 0.19. The stock's 50 day simple moving average is $9.53 and its 200-day simple moving average is $9.49. Central Puerto has a one year low of $5.44 and a one year high of $11.60. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 4.13 and a beta of 1.26.

Central Puerto (NYSE:CEPU - Get Free Report) last released its quarterly earnings data on Friday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). Central Puerto had a net margin of 52.54% and a return on equity of 21.76%. The business had revenue of $168.00 million for the quarter. On average, analysts predict that Central Puerto will post 0.53 EPS 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.