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

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

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

An institutional investor recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP boosted its stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,077 shares of the construction company’s stock after purchasing an additional 12,323 shares during the period. Dimensional Fund Advisors LP owned approximately 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 at the end of the most recent quarter.

Cementos Pacasmayo S.A.A. Trading Down 0.1%

Cementos Pacasmayo S.A.A. stock opened at $12.70 on Wednesday. Cementos Pacasmayo S.A.A. has a one year low of $6.25 and a one year high of $12.87. The business’s fifty day moving average is $12.47 and its 200 day moving average is $11.37. The stock has a market capitalization of $1.08 billion, a PE ratio of 14.28 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.30 and a quick ratio of 0.64.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on CPAC shares. Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. Wall Street Zen upgraded Cementos Pacasmayo S.A.A. from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, 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 research note on Wednesday, October 28th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Cementos Pacasmayo S.A.A. presently has an average rating of “Hold” and an average target price 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.