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

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 3,100 shares, a decline of 18.4% from the March 15th total of 3,800 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 5,400 shares, the short-interest ratio is presently 0.6 days.

Cementos Pacasmayo S.A.A. Price Performance

NYSE:CPAC traded up $0.18 during mid-day trading on Monday, reaching $5.65. The stock had a trading volume of 1,603 shares, compared to its average volume of 7,271. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.30 and a quick ratio of 0.47. Cementos Pacasmayo S.A.A. has a 12 month low of $5.10 and a 12 month high of $6.65. The stock has a market capitalization of $478.97 million, a PE ratio of 9.58 and a beta of 0.51. The stock has a 50-day simple moving average of $5.67 and a two-hundred day simple moving average of $5.77.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings results on Thursday, February 13th. The construction company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The business had revenue of $140.30 million for the quarter, compared to analyst estimates of $141.04 million. Cementos Pacasmayo S.A.A. had a return on equity of 15.70% and a net margin of 10.05%. On average, equities analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

Several large investors have recently modified their holdings of CPAC. BNP Paribas Financial Markets boosted its holdings in shares of Cementos Pacasmayo S.A.A. by 7.4% in the 4th quarter. BNP Paribas Financial Markets now owns 29,110 shares of the construction company’s stock worth $152,000 after purchasing an additional 2,000 shares in the last quarter. Woodward Diversified Capital LLC purchased a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter worth $58,000. Finally, Citadel Advisors LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. during the 4th quarter valued at about $68,000.

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.