CEMEX SAB de CV (NYSE:CX) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 29,591,045 shares, an increase of 15.1% from the October 14th total of 25,699,431 shares. Based on an average daily volume of 11,561,348 shares, the short-interest ratio is currently 2.6 days.

A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of CEMEX SAB de CV from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Berenberg Bank assumed coverage on shares of CEMEX SAB de CV in a report on Friday, September 2nd. They issued a “hold” rating and a $8.30 price target for the company. Morgan Stanley reaffirmed an “equal weight” rating on shares of CEMEX SAB de CV in a report on Monday, August 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $11.00 price target (up previously from $9.20) on shares of CEMEX SAB de CV in a report on Monday, August 15th. Finally, Vetr raised shares of CEMEX SAB de CV from a “buy” rating to a “strong-buy” rating and set a $9.74 price target for the company in a report on Tuesday, September 6th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $8.89.

A number of hedge funds have recently added to or reduced their stakes in CX. Eaton Vance Management acquired a new stake in CEMEX SAB de CV during the third quarter valued at approximately $215,000. Panagora Asset Management Inc. increased its stake in CEMEX SAB de CV by 52.4% in the third quarter. Panagora Asset Management Inc. now owns 510,605 shares of the company’s stock valued at $4,054,000 after buying an additional 175,527 shares during the period. Capital International Investors increased its stake in CEMEX SAB de CV by 0.4% in the third quarter. Capital International Investors now owns 7,925,130 shares of the company’s stock valued at $62,926,000 after buying an additional 31,151 shares during the period. Capital World Investors acquired a new stake in CEMEX SAB de CV during the third quarter valued at approximately $87,859,000. Finally, Capital Research Global Investors increased its stake in CEMEX SAB de CV by 0.3% in the third quarter. Capital Research Global Investors now owns 2,723,737 shares of the company’s stock valued at $21,626,000 after buying an additional 8,297 shares during the period. Hedge funds and other institutional investors own 34.67% of the company’s stock.

Shares of CEMEX SAB de CV (NYSE:CX) opened at 8.02 on Friday. CEMEX SAB de CV has a 12 month low of $3.50 and a 12 month high of $9.35. The firm has a market cap of $112.59 billion, a price-to-earnings ratio of 200.50 and a beta of 1.98. The stock has a 50 day moving average of $8.40 and a 200 day moving average of $7.47.

CEMEX SAB de CV Company Profile

CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.

5 Day Chart for NYSE:CX

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