Short Interest in Cementos Pacasmayo S.A.A. (NYSE:CPAC) Increases By 89.4%

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 41,312 shares, a growth of 89.4% from the November 30th total of 21,817 shares. Based on an average daily trading volume, of 22,253 shares, the short-interest ratio is currently 1.9 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 22,253 shares, the short-interest ratio is currently 1.9 days.

Cementos Pacasmayo S.A.A. Trading Down 0.5%

NYSE:CPAC traded down $0.05 during mid-day trading on Friday, hitting $10.53. 25,566 shares of the stock traded hands, compared to its average volume of 202,003. The company has a quick ratio of 0.49, a current ratio of 1.40 and a debt-to-equity ratio of 0.66. Cementos Pacasmayo S.A.A. has a 52 week low of $5.10 and a 52 week high of $11.30. The stock has a market capitalization of $892.46 million, a price-to-earnings ratio of 15.04 and a beta of 0.69. The firm’s 50 day moving average is $7.67 and its two-hundred day moving average is $6.88.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its earnings results on Tuesday, October 28th. The construction company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. Cementos Pacasmayo S.A.A. had a return on equity of 17.19% and a net margin of 10.68%.The business had revenue of $165.53 million during the quarter, compared to analyst estimates of $159.70 million. On average, equities research analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

Cementos Pacasmayo S.A.A. Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, November 21st were given a $0.6018 dividend. The ex-dividend date of this dividend was Friday, November 21st. Cementos Pacasmayo S.A.A.’s dividend payout ratio is 80.00%.

Institutional Trading of Cementos Pacasmayo S.A.A.

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets lifted its stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,110 shares of the construction company’s stock after purchasing an additional 1,900 shares during the period. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $179,000 at the end of the most recent quarter.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CPAC. Weiss Ratings restated a “buy (b-)” rating on shares of Cementos Pacasmayo S.A.A. in a research report on Monday, December 22nd. JPMorgan Chase & Co. upped their price objective on Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the company an “underweight” rating in a research report on Tuesday, November 4th. Finally, Scotiabank raised their price objective on Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the company a “sector perform” rating in a research note on Friday, December 19th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.15.

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.