Short Interest in Central Puerto S.A. (NYSE:CEPU) Decreases By 15.5%

Central Puerto S.A. (NYSE:CEPU) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 853,500 shares, a decrease of 15.5% from the February 13th total of 1,010,000 shares. Based on an average daily trading volume, of 356,900 shares, the short-interest ratio is currently 2.4 days. Approximately 0.6% of the company’s shares are short sold.

Central Puerto Stock Performance

Central Puerto stock opened at $12.20 on Tuesday. The firm has a 50 day simple moving average of $13.36 and a 200-day simple moving average of $12.48. Central Puerto has a 1-year low of $7.07 and a 1-year high of $16.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.13 and a quick ratio of 1.97. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 4.78 and a beta of 1.18.

Central Puerto (NYSE:CEPU) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.29 earnings per share for the quarter, beating 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 business had revenue of $168.00 million during the quarter, compared to analysts’ expectations of $187.32 billion. On average, analysts expect that Central Puerto will post 0.63 EPS for the current year.

Institutional Trading of Central Puerto

Several hedge funds have recently made changes to their positions in the company. Tidal Investments LLC purchased a new position in shares of Central Puerto during the 4th quarter worth approximately $176,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Central Puerto by 84.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,283,463 shares of the company’s stock worth $33,087,000 after purchasing an additional 1,047,490 shares during the period. Bosun Asset Management LLC purchased a new position in shares of Central Puerto during the 4th quarter worth approximately $666,000. Jane Street Group LLC purchased a new position in shares of Central Puerto during the 4th quarter worth approximately $405,000. Finally, Mirabella Financial Services LLP boosted its position in shares of Central Puerto by 259.1% during the 4th quarter. Mirabella Financial Services LLP now owns 90,088 shares of the company’s stock worth $1,305,000 after purchasing an additional 65,000 shares during the period. Hedge funds and other institutional investors own 2.97% of the company’s stock.

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.