Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Up 396.8% in April

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 15,400 shares, an increase of 396.8% from the March 31st total of 3,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 5,400 shares, the short-interest ratio is currently 2.9 days.

Cementos Pacasmayo S.A.A. Price Performance

CPAC traded down $0.12 during midday trading on Friday, reaching $5.38. 9,114 shares of the company's stock were exchanged, compared to its average volume of 5,505. 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 $455.66 million, a price-to-earnings ratio of 9.11 and a beta of 0.51. The business has a 50-day simple moving average of $5.62 and a two-hundred day simple moving average of $5.76. The company has a quick ratio of 0.47, a current ratio of 1.30 and a debt-to-equity ratio of 0.85.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The construction company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $134.84 million for the quarter, compared to analyst estimates of $498.00 million. Cementos Pacasmayo S.A.A. had a net margin of 10.05% and a return on equity of 15.70%. As a group, research analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets raised its position in Cementos Pacasmayo S.A.A. by 7.4% in 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. Citadel Advisors LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at $68,000. Finally, Woodward Diversified Capital LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at $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.