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

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 3,800 shares, a decline of 41.5% from the February 28th total of 6,500 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 6,000 shares, the short-interest ratio is presently 0.6 days.

Cementos Pacasmayo S.A.A. Stock Up 0.1 %

Shares of NYSE CPAC traded up $0.01 during trading on Friday, hitting $5.81. 1,186 shares of the company traded hands, compared to its average volume of 7,462. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.47 and a current ratio of 1.30. The business’s fifty day moving average is $5.78 and its 200 day moving average is $5.80. The firm has a market capitalization of $492.11 million, a price-to-earnings ratio of 9.84 and a beta of 0.63. Cementos Pacasmayo S.A.A. has a fifty-two week low of $5.10 and a fifty-two week high of $6.65.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings results on Thursday, February 13th. The construction company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). Cementos Pacasmayo S.A.A. had a return on equity of 15.70% and a net margin of 10.05%. The firm had revenue of $140.30 million during the quarter, compared to the consensus estimate of $141.04 million. Equities research analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

Institutional Trading of Cementos Pacasmayo S.A.A.

A number of hedge funds and other institutional investors have recently bought and sold shares of CPAC. Woodward Diversified Capital LLC bought a new position in Cementos Pacasmayo S.A.A. during the 4th quarter valued at $58,000. Citadel Advisors LLC purchased a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at about $68,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Cementos Pacasmayo S.A.A. by 7.4% during the fourth quarter. BNP Paribas Financial Markets now owns 29,110 shares of the construction company’s stock valued at $152,000 after purchasing an additional 2,000 shares in the last quarter.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company’s cement and concrete products are used in residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products.