CEMEX, S.A.B. de C.V. (NYSE:CX – Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 10,960,000 shares, an increase of 90.6% from the March 31st total of 5,750,000 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 7,110,000 shares, the short-interest ratio is presently 1.5 days.
CEMEX Stock Performance
CX stock traded up $0.09 during trading on Friday, reaching $8.27. 4,029,583 shares of the stock were exchanged, compared to its average volume of 6,985,070. CEMEX has a twelve month low of $5.67 and a twelve month high of $9.27. The company has a market capitalization of $11.98 billion, a P/E ratio of 59.07, a price-to-earnings-growth ratio of 0.17 and a beta of 1.47. The stock has a 50 day simple moving average of $8.32 and a 200-day simple moving average of $7.64. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.
CEMEX (NYSE:CX – Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The construction company reported ($0.30) earnings per share for the quarter. The company had revenue of $4.24 billion for the quarter. CEMEX had a net margin of 1.28% and a return on equity of 1.81%. As a group, sell-side analysts anticipate that CEMEX will post 0.88 earnings per share for the current year.
Analysts Set New Price Targets
View Our Latest Stock Report on CEMEX
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of CX. Creative Financial Designs Inc. ADV bought a new position in CEMEX in the 4th quarter worth approximately $26,000. CWM LLC raised its position in CEMEX by 75.0% in the 1st quarter. CWM LLC now owns 3,514 shares of the construction company’s stock worth $32,000 after purchasing an additional 1,506 shares during the last quarter. Blue Trust Inc. raised its position in CEMEX by 65.0% in the 4th quarter. Blue Trust Inc. now owns 5,232 shares of the construction company’s stock worth $41,000 after purchasing an additional 2,062 shares during the last quarter. PNC Financial Services Group Inc. raised its position in CEMEX by 40.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,501 shares of the construction company’s stock worth $55,000 after purchasing an additional 2,454 shares during the last quarter. Finally, MQS Management LLC bought a new position in CEMEX in the 3rd quarter worth approximately $70,000. 82.97% of the stock is owned by institutional investors and hedge funds.
CEMEX Company Profile
CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.
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