Short Interest in Central Puerto S.A. (NYSE:CEPU) Declines By 28.6%

Central Puerto S.A. (NYSE:CEPU) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 575,200 shares, a decline of 28.6% from the August 15th total of 805,300 shares. Based on an average daily volume of 309,100 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On Central Puerto

A number of hedge funds and other institutional investors have recently made changes to their positions in CEPU. Arrowstreet Capital Limited Partnership purchased a new position in Central Puerto during the fourth quarter worth approximately $1,251,000. Hsbc Holdings PLC purchased a new position in shares of Central Puerto in the 2nd quarter worth $1,131,000. Renaissance Technologies LLC boosted its holdings in Central Puerto by 186.7% in the second quarter. Renaissance Technologies LLC now owns 230,236 shares of the company’s stock valued at $1,596,000 after acquiring an additional 149,920 shares during the last quarter. Millennium Management LLC purchased a new stake in Central Puerto during the second quarter valued at about $331,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Central Puerto by 39.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 266,220 shares of the company’s stock worth $1,440,000 after acquiring an additional 75,799 shares during the last quarter. Hedge funds and other institutional investors own 2.84% of the company’s stock.

Central Puerto Stock Performance

Shares of NYSE CEPU opened at $6.26 on Friday. The company has a 50-day simple moving average of $6.71 and a 200-day simple moving average of $6.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.31 and a quick ratio of 2.09. The company has a market cap of $947.76 million, a PE ratio of 13.32 and a beta of 1.19. Central Puerto has a 12 month low of $3.95 and a 12 month high of $7.63.

Central Puerto (NYSE:CEPU) last released its earnings results on Friday, August 11th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.03 by $0.11. The firm had revenue of $167.78 million during the quarter. Central Puerto had a net margin of 11.65% and a return on equity of 11.17%. On average, equities analysts anticipate that Central Puerto will post 0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Bank of America began coverage on Central Puerto in a research report on Wednesday, August 2nd. They issued a “neutral” rating and a $8.00 price objective on the stock.

Central Puerto Company Profile

Central Puerto SA engages in the electric power generation in Argentina. The company operates through three segments: The production of electrical energy from conventional sources; The production of electrical energy from renewable sources; and The transportation and distribution of natural gas. As of December 31, 2022, the company owned and operated six thermal generation plants, one hydroelectric generation plant, and seven wind farms with a total installed capacity of 4,809 MW.