Short Interest in Cementos Pacasmayo S.A.A. (NYSE:CPAC) Declines By 33.9%

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 7,800 shares, a decline of 33.9% from the November 30th total of 11,800 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 12,300 shares, the days-to-cover ratio is currently 0.6 days.

Cementos Pacasmayo S.A.A. Stock Performance

Shares of NYSE:CPAC traded down $0.03 during trading on Friday, hitting $5.35. 11,290 shares of the company traded hands, compared to its average volume of 8,439. The stock has a market capitalization of $453.52 million, a price-to-earnings ratio of 9.39 and a beta of 0.60. Cementos Pacasmayo S.A.A. has a one year low of $4.95 and a one year high of $6.65. The company has a quick ratio of 0.47, a current ratio of 1.56 and a debt-to-equity ratio of 0.80. The business's fifty day moving average is $5.95 and its 200-day moving average is $5.76.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Cementos Pacasmayo S.A.A. had a return on equity of 17.48% and a net margin of 9.41%. The firm had revenue of $137.76 million for the quarter, compared to analyst estimates of $140.30 million. As a group, equities analysts predict that Cementos Pacasmayo S.A.A. will post 0.64 earnings per share for the current fiscal year.

Cementos Pacasmayo S.A.A. Cuts Dividend

The firm also recently declared a Variable dividend, which was paid on Tuesday, December 17th. Shareholders of record on Thursday, November 21st were given a dividend of $0.5421 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 7.9%. Cementos Pacasmayo S.A.A.'s dividend payout ratio (DPR) is presently 87.72%.

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.