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

Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 12,576 shares, an increase of 60.6% from the September 30th total of 7,832 shares. Based on an average daily trading volume, of 19,799 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

CPAC has been the topic of a number of recent analyst reports. Wall Street Zen raised Cementos Pacasmayo S.A.A. from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, October 21st. Finally, Scotiabank cut their price target on Cementos Pacasmayo S.A.A. from $13.00 to $12.96 and set a “sector perform” rating for the company in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.98.

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP lifted its holdings in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 approximately 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 as of its most recent filing with the SEC.

Cementos Pacasmayo S.A.A. Stock Performance

CPAC traded up $0.01 on Monday, reaching $12.77. The company had a trading volume of 13,494 shares, compared to its average volume of 43,930. Cementos Pacasmayo S.A.A. has a fifty-two week low of $6.25 and a fifty-two week high of $12.87. The stock has a market cap of $1.08 billion, a P/E ratio of 14.34 and a beta of 0.72. The company’s fifty day moving average is $12.43 and its 200 day moving average is $11.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 1.30.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its quarterly earnings results on Monday, October 26th. The construction company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.26. Cementos Pacasmayo S.A.A. had a net margin of 11.22% and a return on equity of 20.10%. The firm had revenue of $193.78 million for the quarter, compared to analysts’ expectations of $182.39 million. As a group, analysts predict that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru-based building materials company focused on the production, distribution and sale of cement and related construction products. Its portfolio includes cement, ready-mix concrete, concrete products, aggregates, mortar and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated production and distribution network serving northern and northeastern Peru. Its operations include cement manufacturing facilities in Pacasmayo and Rioja, as well as a cement plant in Piura, supporting distribution across the region through commercial, industrial and retail channels.

Cementos Pacasmayo is listed on the Lima Stock Exchange and its American depositary shares trade on the New York Stock Exchange under the symbol CPAC.