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

Central Puerto S.A. (NYSE:CEPU - Get Free Report) saw a large drop in short interest in the month of 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. Currently, 0.6% of the company's shares are sold short. Based on an average daily volume of 356,900 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Tidal Investments LLC bought a new stake in Central Puerto in the 4th quarter worth $176,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Central Puerto by 84.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,283,463 shares of the company's stock worth $33,087,000 after purchasing an additional 1,047,490 shares during the period. Bosun Asset Management LLC bought a new stake in shares of Central Puerto in the fourth quarter worth about $666,000. Jane Street Group LLC bought a new stake in shares of Central Puerto in the fourth quarter worth about $405,000. Finally, Mirabella Financial Services LLP increased its holdings in Central Puerto by 259.1% during the 4th quarter. Mirabella Financial Services LLP now owns 90,088 shares of the company's stock valued at $1,305,000 after purchasing an additional 65,000 shares during the period. 2.97% of the stock is owned by hedge funds and other institutional investors.

Central Puerto Trading Up 2.8 %

Central Puerto stock traded up $0.34 during mid-day trading on Friday, hitting $12.60. The company's stock had a trading volume of 241,930 shares, compared to its average volume of 347,917. The business has a 50 day moving average price of $13.16 and a 200-day moving average price of $12.49. Central Puerto has a 12 month low of $7.07 and a 12 month high of $16.60. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 4.94 and a beta of 1.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.13 and a quick ratio of 1.97.

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Central Puerto (NYSE:CEPU - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.26. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. The company had revenue of $168.00 million during the quarter, compared to analysts' expectations of $187.32 billion. As a group, analysts forecast that Central Puerto will post 0.63 EPS for the current year.

About Central Puerto

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.