Cemex S.A.B. de C.V. (NYSE:CX) Short Interest Up 20.7% in June

Cemex S.A.B. de C.V. (NYSE:CX) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 31,355,675 shares, an increase of 20.7% from the June 15th total of 25,985,478 shares. Based on an average daily trading volume, of 12,961,443 shares, the short-interest ratio is currently 2.4 days.

Shares of Cemex S.A.B. de C.V. (CX) opened at 10.04 on Tuesday. The company has a market capitalization of $146.61 billion, a PE ratio of 141.41 and a beta of 1.34. The stock has a 50 day moving average of $8.85 and a 200-day moving average of $8.53. Cemex S.A.B. de C.V. has a one year low of $6.44 and a one year high of $10.37.

Cemex S.A.B. de C.V. (NYSE:CX) last released its quarterly earnings results on Thursday, April 27th. The construction company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.09. Cemex S.A.B. de C.V. had a net margin of 7.66% and a return on equity of 8.54%. The business had revenue of $3.14 billion for the quarter. On average, equities analysts forecast that Cemex S.A.B. de C.V. will post $0.54 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its position in Cemex S.A.B. de C.V. by 28.5% in the first quarter. Acadian Asset Management LLC now owns 26,820,522 shares of the construction company’s stock worth $243,261,000 after buying an additional 5,949,676 shares during the last quarter. Profund Advisors LLC boosted its position in Cemex S.A.B. de C.V. by 74.6% in the first quarter. Profund Advisors LLC now owns 234,410 shares of the construction company’s stock worth $2,126,000 after buying an additional 100,158 shares during the last quarter. Private Capital Advisors Inc. bought a new position in Cemex S.A.B. de C.V. during the first quarter worth $206,000. Creative Planning boosted its position in Cemex S.A.B. de C.V. by 49.2% in the first quarter. Creative Planning now owns 67,422 shares of the construction company’s stock worth $612,000 after buying an additional 22,230 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its position in Cemex S.A.B. de C.V. by 143.5% in the first quarter. CENTRAL TRUST Co now owns 11,171 shares of the construction company’s stock worth $101,000 after buying an additional 6,583 shares during the last quarter. Hedge funds and other institutional investors own 38.83% of the company’s stock.

A number of equities analysts have recently commented on the stock. Citigroup Inc. downgraded shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 price objective for the company. in a research note on Monday. UBS AG upgraded shares of Cemex S.A.B. de C.V. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 4th. BidaskClub upgraded shares of Cemex S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Bank of America Corporation upgraded shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $10.10 to $10.60 in a research note on Tuesday, June 20th. Finally, Zacks Investment Research upgraded shares of Cemex S.A.B. de C.V. from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research note on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and four have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $10.62.

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Cemex S.A.B. de C.V. Company Profile

CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.

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