Cemex SAB de CV Short Interest Up 9.1% in July (CX)
Shares of Cemex SAB de CV (NYSE:CX) were the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 101,721,658 shares, a growth of 9.1% from the July 15th total of 93,265,719 shares, AnalystRatings.Net reports. Approximately 8.4% of the shares of the stock are short sold. Based on an average daily volume of 10,037,196 shares, the short-interest ratio is currently 10.1 days.
A number of research firms have recently commented on CX. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Cemex SAB de CV in a research note on Friday, June 27th. They now have a $15.50 price target on the stock, up previously from $14.00. Analysts at Jefferies Group reiterated a “hold” rating on shares of Cemex SAB de CV in a research note on Thursday, June 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $15.17.
Cemex SAB de CV (NYSE:CX) opened at 12.76 on Thursday. Cemex SAB de CV has a 52 week low of $9.4327 and a 52 week high of $13.8173. The stock has a 50-day moving average of $13.00 and a 200-day moving average of $12.65. The company’s market cap is $16.005 billion.
Cemex SAB de CV (NYSE:CX) last issued its quarterly earnings data on Friday, July 18th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.05. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.29 billion. On average, analysts predict that Cemex SAB de CV will post $-0.16 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.