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

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 21,300 shares, a decrease of 22.0% from the September 30th total of 27,300 shares. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is currently 3.9 days.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. downgraded Cementos Pacasmayo S.A.A. from a "neutral" rating to an "underweight" rating and set a $6.00 price objective for the company. in a research note on Wednesday, August 21st.

Cementos Pacasmayo S.A.A. Stock Performance

Shares of NYSE CPAC traded down $0.04 during trading on Monday, reaching $5.93. 5,708 shares of the stock traded hands, compared to its average volume of 6,864. Cementos Pacasmayo S.A.A. has a 52-week low of $4.65 and a 52-week high of $6.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.54 and a quick ratio of 0.39. The company has a 50-day moving average of $5.71 and a 200-day moving average of $5.60. The stock has a market capitalization of $502.69 million, a P/E ratio of 10.31 and a beta of 0.64.

About Cementos Pacasmayo S.A.A.

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.