Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Down 5.7% in July

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 23,000 shares, a decline of 5.7% from the July 15th total of 24,400 shares. Based on an average daily volume of 5,400 shares, the short-interest ratio is currently 4.3 days.

Cementos Pacasmayo S.A.A. Price Performance

NYSE CPAC opened at $5.59 on Wednesday. The stock has a 50-day simple moving average of $5.63 and a 200 day simple moving average of $5.60. Cementos Pacasmayo S.A.A. has a twelve month low of $4.65 and a twelve month high of $6.64. The stock has a market capitalization of $473.86 million, a PE ratio of 9.64 and a beta of 0.66. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.39 and a current ratio of 1.54.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings results on Monday, July 22nd. The construction company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $122.24 million for the quarter, compared to analyst estimates of $118.53 million. Cementos Pacasmayo S.A.A. had a return on equity of 16.20% and a net margin of 8.58%. Research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.49 EPS for the current year.

Institutional Trading of Cementos Pacasmayo S.A.A.

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. Sagil Capital LLP grew its stake in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 203.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 209,734 shares of the construction company’s stock after buying an additional 140,633 shares during the period. Cementos Pacasmayo S.A.A. makes up 0.6% of Sagil Capital LLP’s investment portfolio, making the stock its 9th biggest holding. Sagil Capital LLP’s holdings in Cementos Pacasmayo S.A.A. were worth $1,078,000 as of its most recent filing with the SEC.

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.