Short Interest in Cementos Pacasmayo S.A.A. (NYSE:CPAC) Declines By 36.8%

Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 12,077 shares, a drop of 36.8% from the April 15th total of 19,124 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 39,976 shares, the days-to-cover ratio is currently 0.3 days.

Cementos Pacasmayo S.A.A. Stock Up 0.3%

NYSE CPAC traded up $0.04 during mid-day trading on Monday, hitting $10.55. The company’s stock had a trading volume of 9,368 shares, compared to its average volume of 25,202. The company’s 50 day simple moving average is $10.50 and its 200 day simple moving average is $9.73. Cementos Pacasmayo S.A.A. has a twelve month low of $5.45 and a twelve month high of $11.50. The company has a current ratio of 1.17, a quick ratio of 0.36 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $893.90 million, a price-to-earnings ratio of 17.29 and a beta of 0.77.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its quarterly earnings results on Friday, April 24th. The construction company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.17. Cementos Pacasmayo S.A.A. had a net margin of 8.37% and a return on equity of 14.30%. The business had revenue of $158.95 million during the quarter, compared to the consensus estimate of $146.77 million. Analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on CPAC. JPMorgan Chase & Co. raised shares of Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $7.50 to $13.00 in a research report on Wednesday, March 4th. Wall Street Zen downgraded shares of Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Zacks Research raised shares of Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.90.

Institutional Trading of Cementos Pacasmayo S.A.A.

Several hedge funds have recently bought and sold shares of CPAC. Virtu Financial LLC acquired a new stake in Cementos Pacasmayo S.A.A. in the 4th quarter valued at $129,000. LPL Financial LLC bought a new position in Cementos Pacasmayo S.A.A. during the 4th quarter valued at $155,000. Millennium Management LLC bought a new position in Cementos Pacasmayo S.A.A. during the 4th quarter valued at $167,000. BNP Paribas Financial Markets lifted its stake in Cementos Pacasmayo S.A.A. by 6.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock valued at $179,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Cementos Pacasmayo S.A.A. by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock valued at $958,000 after acquiring an additional 6,054 shares in the last quarter.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru‐based cement and construction materials company engaged in the production, distribution and sale of cement and related products. The company’s core activities include manufacturing ordinary portland cement, hydrated lime and other industrial minerals. It serves the building and infrastructure sectors, offering tailored solutions for public works, residential and commercial construction projects.

Founded in 1949 in the coastal city of Pacasmayo, the company has grown into one of Peru’s leading cement producers.