Cemex S.A.B. de C.V. (NYSE:CX) Short Interest Update

Cemex S.A.B. de C.V. (NYSE:CX) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 10,724,962 shares, a growth of 31.0% from the December 31st total of 8,184,899 shares. Based on an average trading volume of 5,963,901 shares, the short-interest ratio is presently 1.8 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 5,963,901 shares, the short-interest ratio is presently 1.8 days.

Wall Street Analysts Forecast Growth

CX has been the topic of several recent research reports. Scotiabank lowered shares of Cemex from a “sector outperform” rating to a “sector perform” rating and set a $11.10 target price on the stock. in a report on Tuesday, October 21st. Citigroup cut Cemex from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $9.00 to $10.00 in a research note on Monday, October 13th. Bank of America raised Cemex from a “neutral” rating to a “buy” rating and upped their target price for the stock from $10.00 to $10.80 in a research report on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cemex in a report on Wednesday, January 21st. Finally, Barclays restated an “overweight” rating and issued a $15.00 price target on shares of Cemex in a report on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.52.

Cemex Trading Up 0.6%

NYSE CX opened at $12.73 on Wednesday. The company has a market capitalization of $18.44 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 0.86 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.67. Cemex has a 12 month low of $4.89 and a 12 month high of $13.35. The company’s fifty day moving average price is $11.84 and its two-hundred day moving average price is $10.16.

Cemex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were issued a dividend of $0.0224 per share. This represents a $0.09 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, December 15th. Cemex’s dividend payout ratio (DPR) is currently 9.68%.

Institutional Investors Weigh In On Cemex

A number of institutional investors have recently made changes to their positions in CX. Diversify Wealth Management LLC lifted its stake in Cemex by 8.8% during the fourth quarter. Diversify Wealth Management LLC now owns 136,124 shares of the construction company’s stock worth $1,682,000 after purchasing an additional 11,052 shares during the last quarter. MGO One Seven LLC raised its holdings in shares of Cemex by 66.7% during the fourth quarter. MGO One Seven LLC now owns 24,825 shares of the construction company’s stock worth $285,000 after purchasing an additional 9,934 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Cemex by 5.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 16,802 shares of the construction company’s stock worth $193,000 after purchasing an additional 913 shares during the period. Indivisible Partners bought a new position in shares of Cemex in the 4th quarter worth about $118,000. Finally, Sigma Planning Corp acquired a new position in shares of Cemex in the 4th quarter valued at about $118,000. 82.97% of the stock is currently owned by institutional investors.

About Cemex

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.