Cemex S.A.B. de C.V. (NYSE:CX) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 25,473,326 shares, a growth of 19.9% from the August 31st total of 21,247,519 shares. Based on an average daily trading volume, of 7,077,435 shares, the days-to-cover ratio is currently 3.6 days.

Several institutional investors have recently added to or reduced their stakes in CX. Neuberger Berman Group LLC acquired a new position in shares of Cemex S.A.B. de C.V. during the 2nd quarter worth about $100,000. First Financial Equity Corporation acquired a new position in shares of Cemex S.A.B. de C.V. during the 1st quarter worth about $101,000. Huntington National Bank increased its stake in shares of Cemex S.A.B. de C.V. by 19.0% during the 2nd quarter. Huntington National Bank now owns 10,775 shares of the construction company’s stock worth $102,000 after purchasing an additional 1,722 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in shares of Cemex S.A.B. de C.V. by 2.9% during the 2nd quarter. JFS Wealth Advisors LLC now owns 11,306 shares of the construction company’s stock worth $107,000 after purchasing an additional 315 shares during the last quarter. Finally, Institute for Wealth Management LLC. acquired a new position in shares of Cemex S.A.B. de C.V. during the 2nd quarter worth about $115,000. Institutional investors own 40.19% of the company’s stock.

Shares of Cemex S.A.B. de C.V. (NYSE CX) opened at 8.94 on Friday. The company has a market capitalization of $134.09 billion, a PE ratio of 116.10 and a beta of 1.31. Cemex S.A.B. de C.V. has a 12-month low of $6.91 and a 12-month high of $10.37. The firm’s 50-day moving average is $9.15 and its 200-day moving average is $9.10.

Cemex S.A.B. de C.V. (NYSE:CX) last released its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $3.58 billion for the quarter. Cemex S.A.B. de C.V. had a net margin of 8.34% and a return on equity of 8.94%. On average, equities research analysts anticipate that Cemex S.A.B. de C.V. will post $0.56 EPS for the current fiscal year.

Several equities analysts have commented on the stock. Citigroup Inc. downgraded shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 target price on the stock. in a research report on Monday, July 17th. BidaskClub raised shares of Cemex S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Berenberg Bank reissued a “hold” rating and set a $8.40 target price on shares of Cemex S.A.B. de C.V. in a research report on Thursday, July 27th. Finally, Bank of America Corporation raised shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and increased their target price for the stock from $10.10 to $10.60 in a research report on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Cemex S.A.B. de C.V. currently has an average rating of “Buy” and an average target price of $10.58.

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About Cemex S.A.B. de C.V.

CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.

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