Central Puerto S.A. Sponsored ADR (NYSE:CEPU) Sees Large Increase in Short Interest

Central Puerto S.A. Sponsored ADR (NYSE:CEPU) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 313,031 shares, an increase of 20.7% from the February 12th total of 259,271 shares. Based on an average daily volume of 304,063 shares, the short-interest ratio is presently 1.0 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 304,063 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CEPU shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Central Puerto in a report on Monday, December 29th. Wall Street Zen lowered Central Puerto from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

Central Puerto Trading Up 4.1%

CEPU stock opened at $15.51 on Wednesday. Central Puerto has a 12 month low of $7.43 and a 12 month high of $18.50. The firm’s 50-day moving average is $15.81 and its 200 day moving average is $13.89. The company has a market capitalization of $2.35 billion, a PE ratio of 9.23 and a beta of 1.05. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.48 and a quick ratio of 1.33.

Institutional Trading of Central Puerto

Institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. grew its stake in Central Puerto by 17.5% in the fourth quarter. Invesco Ltd. now owns 35,669 shares of the company’s stock worth $624,000 after purchasing an additional 5,317 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Central Puerto during the 4th quarter valued at $202,000. Schonfeld Strategic Advisors LLC bought a new stake in Central Puerto during the 4th quarter valued at $537,000. Jump Financial LLC purchased a new stake in shares of Central Puerto in the 4th quarter worth $329,000. Finally, State of Wisconsin Investment Board purchased a new stake in shares of Central Puerto in the 4th quarter worth $551,000. Institutional investors own 2.97% of the company’s stock.

About Central Puerto

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.