Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Update

Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 106,900 shares, a growth of 239.4% from the August 15th total of 31,500 shares. Based on an average trading volume of 40,300 shares, the short-interest ratio is presently 2.7 days.

Cementos Pacasmayo S.A.A. stock traded down $0.02 during midday trading on Wednesday, hitting $5.57. 9,115 shares of the company’s stock were exchanged, compared to its average volume of 19,857. The stock has a 50-day moving average price of $5.86 and a two-hundred day moving average price of $6.94. The company has a market cap of $472.19 million, a P/E ratio of 11.37 and a beta of 0.30. Cementos Pacasmayo S.A.A. has a 52-week low of $5.32 and a 52-week high of $9.55. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 1.27.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings results on Monday, July 19th. The construction company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. The business had revenue of $116.44 million for the quarter, compared to analysts’ expectations of $76.75 million. Cementos Pacasmayo S.A.A. had a return on equity of 11.39% and a net margin of 8.55%. As a group, sell-side analysts expect that Cementos Pacasmayo S.A.A. will post 0.33 earnings per share for the current year.

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP grew its holdings in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,680 shares of the construction company’s stock after buying an additional 1,728 shares during the period. Dimensional Fund Advisors LP owned 0.10% of Cementos Pacasmayo S.A.A. worth $624,000 as of its most recent SEC filing. 0.28% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded shares of Cementos Pacasmayo S.A.A. from a “hold” rating to a “sell” rating in a report on Thursday, July 22nd.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA engages in the production and market of cement, quicklime, aggregates, ready-mix concrete, precast concrete products, and construction materials. It operates through the following segments: Cement, Concrete, and Blocks; Construction Supplies; Quicklime; and Other. The company was founded in 1949 and is headquartered in Lima, Peru.

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