Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Significant Increase in Short Interest

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 12,576 shares, an increase of 60.6% from the September 30th total of 7,832 shares. Based on an average daily volume of 19,799 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

A hedge fund recently raised its position in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP grew its position in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,077 shares of the construction company’s stock after buying an additional 12,323 shares during the quarter. Dimensional Fund Advisors LP owned 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 as of its most recent SEC filing.

Cementos Pacasmayo S.A.A. Price Performance

Shares of CPAC traded up $0.01 during trading hours on Monday, hitting $12.77. 13,494 shares of the company were exchanged, compared to its average volume of 43,930. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 14.34 and a beta of 0.72. Cementos Pacasmayo S.A.A. has a fifty-two week low of $6.25 and a fifty-two week high of $12.87. The company has a quick ratio of 0.64, a current ratio of 1.30 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average is $12.43 and its 200 day moving average is $11.35.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings results on Monday, October 26th. The construction company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.26. The company had revenue of $193.78 million for the quarter, compared to analysts’ expectations of $182.39 million. Cementos Pacasmayo S.A.A. had a return on equity of 20.10% and a net margin of 11.22%. On average, equities analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CPAC has been the topic of several recent research reports. Scotiabank lowered their target price on shares of Cementos Pacasmayo S.A.A. from $13.00 to $12.96 and set a “sector perform” rating on the stock in a report on Wednesday, October 28th. Wall Street Zen upgraded Cementos Pacasmayo S.A.A. from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Weiss Ratings upgraded Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.98.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA. is a Peru-based building materials company focused on the production, distribution and sale of cement and related construction products. Its portfolio includes cement, ready-mix concrete, concrete products, aggregates, mortar and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated production and distribution network serving northern and northeastern Peru. Its operations include cement manufacturing facilities in Pacasmayo and Rioja, as well as a cement plant in Piura, supporting distribution across the region through commercial, industrial and retail channels.

Cementos Pacasmayo is listed on the Lima Stock Exchange and its American depositary shares trade on the New York Stock Exchange under the symbol CPAC.