Short Interest in Cementos Pacasmayo S.A.A. (NYSE:CPAC) Expands By 73.5%

Key Points

• Cementos Pacasmayo S.A.A. experienced a significant rise in short interest of 73.5% in July, with short interest totaling 17,000 shares as of July 15th.
• The company reported $0.15 earnings per share for the recent quarter, surpassing estimates by $0.05, and had a revenue of $135.89 million.
• Analysts from Scotiabank increased their price target for the stock from $6.00 to $6.40 and rated it as a "sector perform."

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 17,000 shares, anincreaseof73.5% from the June 30th total of 9,800 shares. Currently,0.0% of the shares of the stock are sold short. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is presently 2.5 days. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is presently 2.5 days. Currently,0.0% of the shares of the stock are sold short.

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

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets lifted its position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,110 shares of the construction company's stock after buying an additional 2,000 shares during the period. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $152,000 as of its most recent SEC filing.

Cementos Pacasmayo S.A.A. Trading Up 0.8%

Shares of CPAC stock traded up $0.05 during mid-day trading on Friday, hitting $6.24. 3,694 shares of the company's stock were exchanged, compared to its average volume of 4,275. The stock has a market cap of $528.96 million, a price-to-earnings ratio of 10.06 and a beta of 0.69. The company has a quick ratio of 0.40, a current ratio of 1.34 and a debt-to-equity ratio of 0.73. Cementos Pacasmayo S.A.A. has a fifty-two week low of $5.10 and a fifty-two week high of $6.65. The stock has a 50-day simple moving average of $6.07 and a two-hundred day simple moving average of $5.81.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released its earnings results on Monday, July 21st. The construction company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. The firm had revenue of $135.89 million for the quarter, compared to the consensus estimate of $132.73 million. Cementos Pacasmayo S.A.A. had a return on equity of 16.60% and a net margin of 10.51%. During the same period in the prior year, the business posted $0.09 earnings per share. Equities analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised their price target on shares of Cementos Pacasmayo S.A.A. from $6.00 to $6.40 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th.

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.