Short Interest in Cementos Pacasmayo S.A.A. (NYSE:CPAC) Drops By 41.5%

Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 3,800 shares, a decrease of 41.5% from the February 28th total of 6,500 shares. Based on an average daily trading volume, of 6,000 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are sold short.

Cementos Pacasmayo S.A.A. Price Performance

Shares of NYSE CPAC traded up $0.01 during mid-day trading on Friday, hitting $5.81. 1,186 shares of the stock traded hands, compared to its average volume of 7,462. The company has a market cap of $492.11 million, a PE ratio of 9.84 and a beta of 0.63. Cementos Pacasmayo S.A.A. has a twelve month low of $5.10 and a twelve month high of $6.65. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.30 and a quick ratio of 0.47. The firm has a 50 day simple moving average of $5.78 and a two-hundred day simple moving average of $5.80.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced 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). Cementos Pacasmayo S.A.A. had a net margin of 10.05% and a return on equity of 15.70%. The firm had revenue of $140.30 million for the quarter, compared to analyst estimates of $141.04 million. As a group, equities research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new position in shares of Cementos Pacasmayo S.A.A. during the fourth quarter worth about $68,000. Woodward Diversified Capital LLC acquired a new position in shares of Cementos Pacasmayo S.A.A. in the 4th quarter worth approximately $58,000. Finally, BNP Paribas Financial Markets boosted its stake 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 valued at $152,000 after purchasing an additional 2,000 shares during the last quarter.

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.