CEMEX, S.A.B. de C.V. (NYSE:CX – Get Rating) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 8,070,000 shares, a decline of 10.9% from the August 15th total of 9,060,000 shares. Currently, 0.5% of the company's shares are short sold. Based on an average daily trading volume, of 5,400,000 shares, the short-interest ratio is currently 1.5 days.

CEMEX Stock Down 4.0 %

Shares of CEMEX stock traded down $0.15 on Tuesday, reaching $3.56. 4,401,767 shares of the company were exchanged, compared to its average volume of 7,138,864. CEMEX has a 1-year low of $3.22 and a 1-year high of $7.57. The company has a market cap of $5.24 billion, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 0.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.87 and a quick ratio of 0.60. The stock's 50 day moving average price is $4.05 and its 200-day moving average price is $4.29.

Hedge Funds Weigh In On CEMEX

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capstone Financial Advisors Inc. acquired a new position in shares of CEMEX during the second quarter worth about $39,000. Atria Wealth Solutions Inc. acquired a new position in shares of CEMEX during the second quarter worth about $40,000. Prism Advisors Inc. acquired a new position in CEMEX in the second quarter valued at approximately $45,000. Thompson Davis & CO. Inc. acquired a new position in CEMEX in the second quarter valued at approximately $50,000. Finally, Cetera Advisor Networks LLC acquired a new position in CEMEX in the second quarter valued at approximately $53,000. 29.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CEMEX Company Profile

(Get Rating)

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 worldwide. The company also offers various complementary construction products, including asphalt products; concrete blocks; roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products, such as rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.

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