Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Update

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 6,779 shares, a decrease of 65.9% from the December 31st total of 19,854 shares. Based on an average daily volume of 31,711 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 31,711 shares, the days-to-cover ratio is currently 0.2 days.

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

An institutional investor recently bought a new position in Cementos Pacasmayo S.A.A. stock. Benjamin Edwards Inc. purchased a new stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 75,041 shares of the construction company’s stock, valued at approximately $522,000. Benjamin Edwards Inc. owned 0.09% of Cementos Pacasmayo S.A.A. as of its most recent filing with the Securities & Exchange Commission.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CPAC shares. JPMorgan Chase & Co. raised their price target on Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Scotiabank upped their price objective on Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the company a “sector perform” rating in a report on Friday, December 19th. Finally, Wall Street Zen raised shares of Cementos Pacasmayo S.A.A. to a “buy” rating in a research report on Saturday, January 17th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Cementos Pacasmayo S.A.A. has an average rating of “Hold” and an average price target of $10.15.

Cementos Pacasmayo S.A.A. Stock Performance

Shares of CPAC remained flat at $11.05 during trading hours on Thursday. The stock had a trading volume of 28,797 shares, compared to its average volume of 28,700. The stock has a 50 day moving average price of $9.26 and a 200-day moving average price of $7.65. Cementos Pacasmayo S.A.A. has a one year low of $5.10 and a one year high of $11.50. The company has a market cap of $936.75 million, a PE ratio of 15.79 and a beta of 0.67. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.40 and a quick ratio of 0.49.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its quarterly earnings data on Tuesday, October 28th. The construction company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. Cementos Pacasmayo S.A.A. had a return on equity of 17.19% and a net margin of 10.68%.The company had revenue of $165.53 million during the quarter, compared to the consensus estimate of $159.70 million. Equities analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

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.