Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Down 41.5% in March

Cementos Pacasmayo S.A.A. (NYSE:CPACGet Free Report) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 3,800 shares, a decline of 41.5% from the February 28th total of 6,500 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is currently 0.6 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in CPAC. Woodward Diversified Capital LLC acquired a new position in shares of Cementos Pacasmayo S.A.A. in the 4th quarter valued at approximately $58,000. Citadel Advisors LLC bought a new position in Cementos Pacasmayo S.A.A. in the fourth quarter valued at about $68,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Cementos Pacasmayo S.A.A. by 7.4% during the 4th quarter. BNP Paribas Financial Markets now owns 29,110 shares of the construction company’s stock valued at $152,000 after purchasing an additional 2,000 shares during the last quarter.

Cementos Pacasmayo S.A.A. Stock Performance

NYSE CPAC traded up $0.01 on Friday, reaching $5.81. The stock had a trading volume of 1,186 shares, compared to its average volume of 7,462. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.30 and a quick ratio of 0.47. The company has a market cap of $492.11 million, a P/E ratio of 9.84 and a beta of 0.63. The firm has a fifty day moving average of $5.78 and a two-hundred day moving average of $5.80. Cementos Pacasmayo S.A.A. has a 1-year low of $5.10 and a 1-year high of $6.65.

Cementos Pacasmayo S.A.A. (NYSE:CPACGet Free Report) last released its quarterly earnings results on Thursday, February 13th. The construction company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.03). The business had revenue of $140.30 million during the quarter, compared to analyst estimates of $141.04 million. Cementos Pacasmayo S.A.A. had a net margin of 10.05% and a return on equity of 15.70%. On average, equities research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current year.

Cementos Pacasmayo S.A.A. Company Profile

(Get Free Report)

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.

Further Reading

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