Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Large Increase in Short Interest

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 6,000 shares, a growth of 215.8% from the January 31st total of 1,900 shares. Based on an average daily volume of 8,700 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are sold short.

Cementos Pacasmayo S.A.A. Stock Performance

Shares of Cementos Pacasmayo S.A.A. stock traded up $0.02 during trading hours on Friday, reaching $5.85. 13,682 shares of the stock traded hands, compared to its average volume of 5,841. Cementos Pacasmayo S.A.A. has a one year low of $5.10 and a one year high of $6.65. The firm has a market capitalization of $495.84 million, a price-to-earnings ratio of 9.91 and a beta of 0.63. The company has a quick ratio of 0.47, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. The company has a 50 day moving average price of $5.66 and a 200 day moving average price of $5.78.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its earnings results on Thursday, February 13th. The construction company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). The business had revenue of $140.30 million for the quarter, compared to the consensus estimate 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 expect that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

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

Several institutional investors and hedge funds have recently bought and sold shares of CPAC. BNP Paribas Financial Markets increased 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 buying an additional 2,000 shares in the last quarter. Citadel Advisors LLC bought a new stake in Cementos Pacasmayo S.A.A. during the 4th quarter worth approximately $68,000. Finally, Woodward Diversified Capital LLC bought a new stake in Cementos Pacasmayo S.A.A. during the 4th quarter worth approximately $58,000.

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.