Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Down 18.4% in March

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 3,100 shares, a decrease of 18.4% from the March 15th total of 3,800 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 5,400 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

A number of large investors have recently added to or reduced their stakes in CPAC. Woodward Diversified Capital LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. in the 4th quarter worth $58,000. BNP Paribas Financial Markets boosted its position in Cementos Pacasmayo S.A.A. by 7.4% in the fourth quarter. BNP Paribas Financial Markets now owns 29,110 shares of the construction company’s stock worth $152,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. during the 4th quarter valued at about $68,000.

Cementos Pacasmayo S.A.A. Stock Performance

Shares of NYSE:CPAC traded up $0.04 during midday trading on Friday, reaching $5.43. 2,432 shares of the company’s stock traded hands, compared to its average volume of 7,294. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.47 and a current ratio of 1.30. Cementos Pacasmayo S.A.A. has a one year low of $5.10 and a one year high of $6.65. The company has a market cap of $460.41 million, a price-to-earnings ratio of 9.21 and a beta of 0.51. The stock has a 50 day moving average of $5.67 and a 200 day moving average of $5.77.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings results on Thursday, February 13th. The construction company reported $0.15 earnings per share (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 company had revenue of $140.30 million for the quarter, compared to analysts’ expectations of $141.04 million. As a group, equities research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

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.