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 growth in short interest in the month of February. As of February 27th, there was short interest totaling 313,031 shares, a growth 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 currently 1.0 days. Approximately 0.2% of the company’s shares are short sold. Approximately 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 currently 1.0 days.

Central Puerto Stock Down 1.8%

Shares of CEPU traded down $0.28 during trading hours on Monday, reaching $14.88. The company’s stock had a trading volume of 356,880 shares, compared to its average volume of 323,436. The company has a 50 day moving average of $15.83 and a two-hundred day moving average of $13.85. The company has a quick ratio of 1.33, a current ratio of 1.48 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 8.85 and a beta of 1.06. Central Puerto has a 1-year low of $7.43 and a 1-year high of $18.50.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CEPU. Weiss Ratings reissued a “hold (c-)” rating on shares of Central Puerto in a research note on Monday, December 29th. Wall Street Zen cut Central Puerto from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Central Puerto has a consensus rating of “Moderate Buy” and a consensus target price of $17.50.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Central Puerto by 14.8% in 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 in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Central Puerto by 211.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 191,762 shares of the company’s stock valued at $3,356,000 after acquiring an additional 130,240 shares in the last quarter. UBS Group AG grew its holdings in shares of Central Puerto by 462.8% during the 4th quarter. UBS Group AG now owns 140,597 shares of the company’s stock valued at $2,460,000 after acquiring an additional 115,617 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Central Puerto in the second quarter worth $1,149,000. Finally, Bank of America Corp DE increased its stake in shares of Central Puerto by 301.6% in the third quarter. Bank of America Corp DE now owns 82,460 shares of the company’s stock worth $661,000 after acquiring an additional 61,929 shares during the last quarter. Institutional investors and hedge funds 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.