Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Up 101.5% in March

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 21,040 shares, an increase of 101.5% from the February 26th total of 10,442 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 17,910 shares, the days-to-cover ratio is presently 1.2 days.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Scotiabank upped their price objective on shares of Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the stock a “sector perform” rating in a research report on Friday, December 19th. Weiss Ratings cut shares of Cementos Pacasmayo S.A.A. from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. raised shares of Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $7.50 to $13.00 in a report on Wednesday, March 4th. Finally, Wall Street Zen lowered shares of Cementos Pacasmayo S.A.A. from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.90.

Cementos Pacasmayo S.A.A. Price Performance

Shares of CPAC traded up $0.02 during midday trading on Thursday, hitting $10.23. The company’s stock had a trading volume of 5,606 shares, compared to its average volume of 16,915. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 0.74. Cementos Pacasmayo S.A.A. has a one year low of $5.10 and a one year high of $11.50. The stock has a market capitalization of $866.86 million, a price-to-earnings ratio of 20.87 and a beta of 0.69. The company’s fifty day simple moving average is $10.62 and its two-hundred day simple moving average is $8.82.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings data on Friday, February 13th. The construction company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.11). The business had revenue of $166.82 million for the quarter, compared to the consensus estimate of $174.95 million. Cementos Pacasmayo S.A.A. had a return on equity of 11.85% and a net margin of 7.11%. As a group, equities analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the 4th quarter valued at approximately $129,000. Millennium Management LLC acquired a new position in Cementos Pacasmayo S.A.A. during the 4th quarter worth approximately $167,000. Dimensional Fund Advisors LP increased its position in Cementos Pacasmayo S.A.A. by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after purchasing an additional 6,054 shares in the last quarter. LPL Financial LLC bought a new position in Cementos Pacasmayo S.A.A. in the 4th quarter valued at approximately $155,000. Finally, Benjamin Edwards Inc. acquired a new stake in Cementos Pacasmayo S.A.A. in the third quarter valued at approximately $522,000.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA. is a Peru‐based cement and construction materials company engaged in the production, distribution and sale of cement and related products. The company’s core activities include manufacturing ordinary portland cement, hydrated lime and other industrial minerals. It serves the building and infrastructure sectors, offering tailored solutions for public works, residential and commercial construction projects.

Founded in 1949 in the coastal city of Pacasmayo, the company has grown into one of Peru’s leading cement producers.