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

Central Puerto S.A. (NYSE:CEPU) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 853,500 shares, a decrease of 15.5% from the February 13th total of 1,010,000 shares. Based on an average daily trading volume, of 356,900 shares, the short-interest ratio is presently 2.4 days. Currently, 0.6% of the shares of the stock are short sold.

Central Puerto Price Performance

Shares of NYSE CEPU traded up $0.53 during mid-day trading on Wednesday, reaching $12.15. 254,653 shares of the company were exchanged, compared to its average volume of 354,138. Central Puerto has a 52 week low of $7.07 and a 52 week high of $16.60. The company’s 50 day moving average price is $13.28 and its 200 day moving average price is $12.50. The stock has a market capitalization of $1.84 billion, a PE ratio of 4.76 and a beta of 1.18. The company has a quick ratio of 1.97, a current ratio of 2.13 and a debt-to-equity ratio of 0.18.

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

Institutional Trading of Central Puerto

Several institutional investors have recently added to or reduced their stakes in CEPU. Point72 Asset Management L.P. purchased a new stake in Central Puerto during the 3rd quarter valued at $351,000. Ping Capital Management Inc. raised its stake in shares of Central Puerto by 4.9% during the fourth quarter. Ping Capital Management Inc. now owns 86,000 shares of the company’s stock valued at $1,246,000 after acquiring an additional 4,000 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Central Puerto by 169.1% during the fourth quarter. GAMMA Investing LLC now owns 9,942 shares of the company’s stock worth $144,000 after purchasing an additional 6,248 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Central Puerto in the third quarter worth about $122,000. Finally, Virtu Financial LLC purchased a new position in Central Puerto during the 3rd quarter valued at about $157,000. 2.97% of the stock is currently owned by hedge funds and other institutional investors.

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.