Short Interest in Central Puerto S.A. Sponsored ADR (NYSE:CEPU) Drops By 19.5%

Central Puerto S.A. Sponsored ADR (NYSE:CEPU) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 251,062 shares, a drop of 19.5% from the December 31st total of 311,829 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 267,369 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 267,369 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup started coverage on shares of Central Puerto in a research note on Wednesday, October 29th. They issued a “buy” rating and a $17.50 target price for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Central Puerto in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Central Puerto from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 9th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.50.

Central Puerto Stock Performance

Shares of CEPU stock traded down $0.59 during midday trading on Wednesday, hitting $15.87. 302,324 shares of the company were exchanged, compared to its average volume of 336,588. Central Puerto has a 52 week low of $7.43 and a 52 week high of $18.50. The firm’s 50 day moving average price is $16.63 and its two-hundred day moving average price is $13.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.40. The firm has a market capitalization of $2.40 billion, a P/E ratio of 10.72 and a beta of 1.03.

Central Puerto (NYSE:CEPU) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.70 EPS for the quarter. Central Puerto had a net margin of 28.24% and a return on equity of 15.01%. As a group, equities research analysts anticipate that Central Puerto will post 0.63 earnings per share for the current year.

Institutional Investors Weigh In On Central Puerto

Several hedge funds have recently added to or reduced their stakes in CEPU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Central Puerto by 14.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,782,883 shares of the company’s stock worth $32,504,000 after buying an additional 359,121 shares during the period. Fourth Sail Capital LP acquired a new stake in Central Puerto during the 2nd quarter valued at approximately $1,736,000. UBS Group AG raised its holdings in Central Puerto by 462.8% during the 4th quarter. UBS Group AG now owns 140,597 shares of the company’s stock worth $2,460,000 after purchasing an additional 115,617 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Central Puerto in the 2nd quarter worth approximately $1,149,000. Finally, Bank of America Corp DE boosted its stake in shares of Central Puerto by 301.6% in the 3rd quarter. Bank of America Corp DE now owns 82,460 shares of the company’s stock valued at $661,000 after purchasing an additional 61,929 shares during the last quarter. 2.97% of the stock is currently owned by institutional investors and hedge funds.

Central Puerto Company Profile

Central Puerto SA (NYSE: CEPU) is Argentina’s leading private power generation company, managing a diversified portfolio of thermal and renewable energy facilities across the country. Established following the privatization of the state-owned electricity company in the early 1990s, Central Puerto develops, operates and maintains a mix of combined-cycle and open-cycle gas turbine plants, as well as hydroelectric and renewable installations. The company’s thermal assets provide baseload and flexible generation capacity, while its renewable portfolio includes wind farms and solar parks that support Argentina’s clean energy objectives.

Headquartered in Buenos Aires, Central Puerto serves the national wholesale electricity market through long-term contracts with distribution companies and major industrial clients.