Cemex SAB de CV Short Interest Up 12.5% in April (CX)
Shares of Cemex SAB de CV (NYSE:CX) were the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 90,677,177 shares, an increase of 12.5% from the April 15th total of 80,631,382 shares, ARN reports. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 13,710,297 shares, the short-interest ratio is presently 6.6 days.
Separately, analysts at Longbow Research upgraded shares of Cemex SAB de CV from a “neutral” rating to a “buy” rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Cemex SAB de CV currently has an average rating of “Buy” and an average target price of $13.80.
Shares of Cemex SAB de CV (NYSE:CX) opened at 12.46 on Wednesday. Cemex SAB de CV has a 52 week low of $8.7788 and a 52 week high of $13.8173. The stock has a 50-day moving average of $12.5 and a 200-day moving average of $11.79. The company’s market cap is $15.317 billion.
Cemex SAB de CV (NYSE:CX) last announced its earnings results on Wednesday, April 30th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.07. The company had revenue of $3.59 million for the quarter, compared to the consensus estimate of $3.46 billion. On average, analysts predict that Cemex SAB de CV will post $-0.12 earnings per share for the current fiscal year.
CEMEX SAB de CV (NYSE:CX) is a Mexico-based company principally engaged, through its subsidiaries, in the cement manufacturing.
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