Short Interest in Cementos Pacasmayo S.A.A. (NYSE:CPAC) Rises By 123.4%

Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 43,731 shares, a growth of 123.4% from the August 15th total of 19,572 shares. Based on an average daily volume of 41,499 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the shares of the company are sold short.

Cementos Pacasmayo S.A.A. Trading Up 0.7%

Shares of CPAC stock opened at $12.60 on Wednesday. The company has a market capitalization of $1.07 billion, a P/E ratio of 17.51 and a beta of 0.76. Cementos Pacasmayo S.A.A. has a 12-month low of $6.25 and a 12-month high of $12.74. The company has a quick ratio of 0.50, a current ratio of 1.22 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $12.05 and a 200 day moving average price of $11.22.

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

Institutional Investors 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 holdings in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,077 shares of the construction company’s stock after purchasing an additional 12,323 shares during the quarter. 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 Ratings Changes

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

Cementos Pacasmayo S.A.A. Company Profile

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.