Short Interest in Central Puerto S.A. Sponsored ADR (NYSE:CEPU) Rises By 34.4%

Central Puerto S.A. Sponsored ADR (NYSE:CEPU) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 420,731 shares, an increase of 34.4% from the February 26th total of 313,031 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 373,216 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On Central Puerto

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in shares of Central Puerto by 4,431.2% in the first quarter. NewEdge Advisors LLC now owns 30,540 shares of the company’s stock valued at $339,000 after buying an additional 29,866 shares in the last quarter. Jane Street Group LLC raised its position in Central Puerto by 77.5% during the first quarter. Jane Street Group LLC now owns 49,649 shares of the company’s stock worth $551,000 after acquiring an additional 21,673 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Central Puerto in the first quarter valued at $434,000. Invesco Ltd. lifted its stake in Central Puerto by 41.1% in the second quarter. Invesco Ltd. now owns 30,434 shares of the company’s stock valued at $355,000 after acquiring an additional 8,867 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Central Puerto in the 2nd quarter valued at about $1,149,000. Institutional investors and hedge funds own 2.97% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wall Street Zen lowered Central Puerto from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Central Puerto in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.50.

Central Puerto Stock Down 1.6%

CEPU traded down $0.24 on Friday, hitting $14.81. 460,649 shares of the company were exchanged, compared to its average volume of 400,828. The stock’s fifty day moving average is $15.69 and its 200-day moving average is $14.21. Central Puerto has a 12 month low of $7.43 and a 12 month high of $18.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.33 and a current ratio of 1.48. The company has a market cap of $2.24 billion, a PE ratio of 8.81 and a beta of 1.05.

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.