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

Central Puerto S.A. Sponsored ADR (NYSE:CEPU) was the target 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. Based on an average daily trading volume, of 267,369 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 267,369 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CEPU. Van ECK Associates Corp bought a new position in shares of Central Puerto during the third quarter worth approximately $60,000. Harbour Capital Advisors LLC bought a new stake in shares of Central Puerto in the fourth quarter valued at approximately $174,000. Perpetual Ltd acquired a new stake in Central Puerto during the fourth quarter worth approximately $271,000. Banco Santander S.A. bought a new position in Central Puerto during the 3rd quarter worth $138,000. Finally, Squarepoint Ops LLC acquired a new position in Central Puerto in the 3rd quarter valued at $138,000. Institutional investors and hedge funds own 2.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CEPU. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Central Puerto in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Central Puerto from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 9th. Finally, 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. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.50.

Central Puerto Stock Performance

Shares of Central Puerto stock traded down $0.59 on Wednesday, hitting $15.87. The stock had a trading volume of 302,324 shares, compared to its average volume of 336,588. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 10.72 and a beta of 1.03. The company has a quick ratio of 1.31, a current ratio of 1.40 and a debt-to-equity ratio of 0.14. Central Puerto has a twelve month low of $7.43 and a twelve month high of $18.50. The business’s 50 day moving average is $16.63 and its two-hundred day moving average is $13.10.

Central Puerto (NYSE:CEPU) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.70 EPS for the quarter. Central Puerto had a return on equity of 15.01% and a net margin of 28.24%. Analysts forecast that Central Puerto will post 0.63 EPS for the current year.

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.