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

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the target of a significant growth in short interest in 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. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 19,799 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP raised its position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,077 shares of the construction company’s stock after acquiring 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 as of its most recent SEC filing.

Analyst Upgrades and Downgrades

A number of research firms have commented on CPAC. Wall Street Zen raised shares of Cementos Pacasmayo S.A.A. from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. Finally, Scotiabank lowered their price objective 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 research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.98.

Cementos Pacasmayo S.A.A. Stock Up 0.2%

CPAC stock traded up $0.02 during mid-day trading on Tuesday, hitting $12.73. The stock had a trading volume of 16,585 shares, compared to its average volume of 44,094. The company has a current ratio of 1.30, a quick ratio of 0.50 and a debt-to-equity ratio of 0.52. Cementos Pacasmayo S.A.A. has a 1-year low of $6.25 and a 1-year high of $12.87. The company has a fifty day moving average of $12.45 and a 200 day moving average of $11.36. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 14.31 and a beta of 0.72.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly 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. The company had revenue of $193.78 million during 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 expect that Cementos Pacasmayo S.A.A. will post 0.91 EPS for the current fiscal year.

Cementos Pacasmayo S.A.A. Company Profile

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.