Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Short Interest Drops 49.6%

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 22,030 shares, a decline of 49.6% from the August 31st total of 43,731 shares. Based on an average daily volume of 24,571 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP lifted its position in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,077 shares of the construction company’s stock after acquiring an additional 12,323 shares during the quarter. Dimensional Fund Advisors LP owned 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 as of its most recent SEC filing.

Cementos Pacasmayo S.A.A. Stock Down 0.2%

CPAC stock traded down $0.03 during mid-day trading on Thursday, hitting $12.07. 8,644 shares of the company were exchanged, compared to its average volume of 45,704. The company has a market capitalization of $1.02 billion, a PE ratio of 16.77 and a beta of 0.76. The company has a current ratio of 1.22, a quick ratio of 0.50 and a debt-to-equity ratio of 0.59. Cementos Pacasmayo S.A.A. has a twelve month low of $6.25 and a twelve month high of $12.74. The firm has a fifty day simple moving average of $12.18 and a 200 day simple moving average of $11.35.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its earnings results on Tuesday, July 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.14. Cementos Pacasmayo S.A.A. had a net margin of 9.42% and a return on equity of 16.49%. The business had revenue of $163.77 million for the quarter, compared to analyst estimates of $156.89 million. On average, research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Scotiabank raised their price target on shares of Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Wall Street Zen raised shares of Cementos Pacasmayo S.A.A. to a “buy” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings upgraded Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.00.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA. is a Peru-based company engaged in the production, distribution and sale of cement and related construction materials. Its product portfolio includes cement, ready-mix concrete, mortar, concrete products, aggregates and quicklime, serving residential, commercial, industrial and infrastructure construction markets.

Founded in 1949, the company primarily serves northern and northeastern Peru through an integrated network of manufacturing plants, distribution facilities and sales channels.