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

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 15,400 shares, an increase of 396.8% from the March 31st total of 3,100 shares. Based on an average daily trading volume, of 5,400 shares, the short-interest ratio is presently 2.9 days. Approximately 0.0% of the shares of the company are sold short.

Cementos Pacasmayo S.A.A. Trading Up 0.9 %

NYSE CPAC opened at $5.50 on Friday. Cementos Pacasmayo S.A.A. has a 52-week low of $5.10 and a 52-week high of $6.65. The firm has a 50-day moving average price of $5.64 and a 200 day moving average price of $5.76. The stock has a market capitalization of $466.26 million, a P/E ratio of 9.32 and a beta of 0.51. The company has a quick ratio of 0.47, a current ratio of 1.30 and a debt-to-equity ratio of 0.85.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last issued its earnings results on Thursday, February 13th. The construction company reported $0.15 earnings per share 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 company had revenue of $140.30 million for the quarter, compared to analyst estimates of $141.04 million. Equities research analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current year.

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

Several hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake 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 buying an additional 2,000 shares during the period. Woodward Diversified Capital LLC acquired a new position in Cementos Pacasmayo S.A.A. in the 4th quarter valued at $58,000. Finally, Citadel Advisors LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. during the 4th quarter worth $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.

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