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

Central Puerto S.A. (NYSE:CEPU) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 704,900 shares, an increase of 18.8% from the November 15th total of 593,300 shares. Based on an average daily volume of 333,100 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

Separately, Bank of America lifted their price target on Central Puerto from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th.

Central Puerto Trading Up 1.7 %

NYSE CEPU opened at $15.20 on Monday. Central Puerto has a 1-year low of $7.07 and a 1-year high of $15.41. The company has a current ratio of 2.13, a quick ratio of 1.97 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $12.30 and a 200-day moving average of $10.26. The firm has a market cap of $2.30 billion, a PE ratio of 5.96 and a beta of 1.24.

Central Puerto (NYSE:CEPU) last released its earnings results on Monday, November 11th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19). Central Puerto had a net margin of 56.44% and a return on equity of 22.76%. The company had revenue of $185.00 million during the quarter, compared to the consensus estimate of $200.26 million. As a group, sell-side analysts forecast that Central Puerto will post 0.69 EPS for the current year.

Central Puerto Increases Dividend

The business also recently announced a — dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.3954 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from Central Puerto’s previous — dividend of $0.07. Central Puerto’s payout ratio is 19.61%.

Institutional Investors Weigh In On Central Puerto

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ping Capital Management Inc. purchased a new position in Central Puerto during the 2nd quarter valued at about $390,000. Point72 Asset Management L.P. purchased a new position in Central Puerto during the 3rd quarter valued at about $351,000. Acadian Asset Management LLC purchased a new position in Central Puerto during the 2nd quarter valued at about $320,000. Truist Financial Corp purchased a new position in Central Puerto during the 2nd quarter valued at about $161,000. Finally, Virtu Financial LLC purchased a new position in Central Puerto during the 3rd quarter valued at about $157,000. Institutional investors own 2.97% of the company’s stock.

About Central Puerto

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.