Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Short Interest Drops 49.6%

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 22,030 shares, a decline of 49.6% from the August 31st total of 43,731 shares. Based on an average daily volume of 24,571 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds 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 lifted 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 acquiring an additional 12,323 shares during the period. Dimensional Fund Advisors LP owned 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CPAC shares. Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 9th. Wall Street Zen raised shares of Cementos Pacasmayo S.A.A. to a “buy” rating in a report on Saturday, August 1st. Finally, Scotiabank raised their target price on shares of Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Cementos Pacasmayo S.A.A. Stock Performance

CPAC stock traded down $0.05 on Wednesday, reaching $12.13. The company’s stock had a trading volume of 3,150 shares, compared to its average volume of 45,903. Cementos Pacasmayo S.A.A. has a 52 week low of $6.25 and a 52 week high of $12.74. The company has a market capitalization of $1.03 billion, a P/E ratio of 16.84 and a beta of 0.76. The firm has a fifty day moving average of $12.18 and a two-hundred day moving average of $11.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.50.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its earnings results on Tuesday, July 21st. The construction company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.14. Cementos Pacasmayo S.A.A. had a return on equity of 16.49% and a net margin of 9.42%.The firm had revenue of $163.77 million for the quarter, compared to the consensus estimate of $156.89 million. As a group, analysts predict that Cementos Pacasmayo S.A.A. will post 0.91 EPS for the current fiscal year.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA. is a Peru-based company engaged in the production, distribution and sale of cement and related construction materials. Its product portfolio includes cement, ready-mix concrete, mortar, concrete products, aggregates and quicklime, serving residential, commercial, industrial and infrastructure construction markets.

Founded in 1949, the company primarily serves northern and northeastern Peru through an integrated network of manufacturing plants, distribution facilities and sales channels.