Short Interest in Cemex SAB de CV (CX) Rises By 27.8%

Cemex SAB de CV (NYSE:CX) saw a large increase in short interest during the month of March. As of March 29th, there was short interest totalling 15,392,473 shares, an increase of 27.8% from the March 15th total of 12,040,256 shares. Based on an average daily trading volume, of 13,599,021 shares, the days-to-cover ratio is presently 1.1 days.

CX has been the subject of several analyst reports. Zacks Investment Research cut shares of Cemex SAB de CV from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Goldman Sachs Group started coverage on shares of Cemex SAB de CV in a report on Wednesday, April 10th. They set a “neutral” rating and a $5.50 price target on the stock. ValuEngine raised shares of Cemex SAB de CV from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Barclays set a $7.00 target price on shares of Cemex SAB de CV and gave the stock a “buy” rating in a report on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Cemex SAB de CV presently has a consensus rating of “Hold” and a consensus price target of $8.58.

Several institutional investors have recently added to or reduced their stakes in CX. JFS Wealth Advisors LLC lifted its holdings in Cemex SAB de CV by 15.7% in the 4th quarter. JFS Wealth Advisors LLC now owns 18,392 shares of the construction company’s stock worth $89,000 after purchasing an additional 2,492 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Cemex SAB de CV by 100.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,000 shares of the construction company’s stock valued at $48,000 after acquiring an additional 5,000 shares during the last quarter. Wetherby Asset Management Inc. grew its position in Cemex SAB de CV by 15.8% in the 4th quarter. Wetherby Asset Management Inc. now owns 42,446 shares of the construction company’s stock valued at $204,000 after acquiring an additional 5,786 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Cemex SAB de CV by 4.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 157,832 shares of the construction company’s stock worth $761,000 after buying an additional 6,787 shares in the last quarter. Finally, Eqis Capital Management Inc. grew its position in shares of Cemex SAB de CV by 29.8% during the 4th quarter. Eqis Capital Management Inc. now owns 29,767 shares of the construction company’s stock worth $143,000 after buying an additional 6,836 shares in the last quarter. Institutional investors and hedge funds own 33.40% of the company’s stock.

Shares of NYSE CX opened at $4.80 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.51 and a debt-to-equity ratio of 0.83. Cemex SAB de CV has a one year low of $4.47 and a one year high of $7.60. The company has a market cap of $6.98 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 0.66 and a beta of 1.56.

Cemex SAB de CV (NYSE:CX) last announced its quarterly earnings data on Thursday, February 7th. The construction company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.12). The firm had revenue of $3.45 billion for the quarter. Cemex SAB de CV had a net margin of 3.84% and a return on equity of 4.86%. As a group, sell-side analysts predict that Cemex SAB de CV will post 0.47 EPS for the current fiscal year.

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About Cemex SAB de CV

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.

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