Short Interest in Cementos Pacasmayo S.A.A. (NYSE:CPAC) Increases By 143.9%

Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 10,442 shares, an increase of 143.9% from the February 12th total of 4,282 shares. Based on an average trading volume of 22,270 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 22,270 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the 4th quarter valued at $129,000. Millennium Management LLC acquired a new position in Cementos Pacasmayo S.A.A. during the fourth quarter worth $167,000. Dimensional Fund Advisors LP raised its holdings in Cementos Pacasmayo S.A.A. by 7.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock valued at $958,000 after buying an additional 6,054 shares in the last quarter. LPL Financial LLC bought a new position in Cementos Pacasmayo S.A.A. during the fourth quarter valued at about $155,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the third quarter worth about $522,000.

Wall Street Analyst Weigh In

Several research firms recently commented on CPAC. JPMorgan Chase & Co. upgraded shares of Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $7.50 to $13.00 in a report on Wednesday, March 4th. Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. to a “buy” rating in a research note on Saturday, January 17th. Scotiabank increased their target price on shares of Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the stock a “sector perform” rating in a research report on Friday, December 19th. Finally, Weiss Ratings lowered shares of Cementos Pacasmayo S.A.A. from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Cementos Pacasmayo S.A.A. currently has a consensus rating of “Hold” and a consensus target price of $12.90.

Cementos Pacasmayo S.A.A. Price Performance

CPAC opened at $10.49 on Thursday. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 0.74. Cementos Pacasmayo S.A.A. has a fifty-two week low of $5.10 and a fifty-two week high of $11.50. The business has a 50-day moving average of $10.69 and a 200-day moving average of $8.57.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its quarterly earnings data on Friday, February 13th. The construction company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). The firm had revenue of $166.82 million during the quarter, compared to analyst estimates of $174.95 million. Cementos Pacasmayo S.A.A. had a return on equity of 11.85% and a net margin of 7.11%. Equities research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current 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.