Central Puerto S.A. (NYSE:CEPU) Sees Significant Drop in Short Interest

Central Puerto S.A. (NYSE:CEPU) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 853,500 shares, a drop of 15.5% from the February 13th total of 1,010,000 shares. Based on an average daily volume of 356,900 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.6% of the shares of the stock are sold short.

Hedge Funds Weigh In On Central Puerto

Large investors have recently bought and sold shares of the stock. Verition Fund Management LLC purchased a new position in Central Puerto in the third quarter worth $121,000. Quadrature Capital Ltd bought a new position in Central Puerto in the 3rd quarter worth about $122,000. GAMMA Investing LLC grew its holdings in Central Puerto by 169.1% during the 4th quarter. GAMMA Investing LLC now owns 9,942 shares of the company’s stock valued at $144,000 after buying an additional 6,248 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Central Puerto during the third quarter valued at about $157,000. Finally, Tidal Investments LLC purchased a new position in Central Puerto during the fourth quarter valued at approximately $176,000. 2.97% of the stock is currently owned by institutional investors.

Central Puerto Price Performance

Shares of Central Puerto stock traded up $0.53 during midday trading on Wednesday, hitting $12.15. 254,653 shares of the company traded hands, compared to its average volume of 354,138. Central Puerto has a 12 month low of $7.07 and a 12 month high of $16.60. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 4.76 and a beta of 1.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.97 and a current ratio of 2.13. The firm’s fifty day moving average price is $13.28 and its 200-day moving average price is $12.50.

Central Puerto (NYSE:CEPU) last posted its earnings results on Tuesday, March 11th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.03 by $0.26. Central Puerto had a net margin of 56.44% and a return on equity of 22.76%. The company had revenue of $168.00 million during the quarter, compared to the consensus estimate of $187.32 billion. As a group, sell-side analysts forecast that Central Puerto will post 0.63 earnings per share for the current year.

Central Puerto Company Profile

Central Puerto SA engages in the electric power generation in Argentina. It operates through three segments: Electric Power Generation from Conventional Sources, Electric Power Generation from Renewable Sources, and Natural Gas Transport and Distribution. The company generates energy through thermal, hydroelectric, and wind farms.