Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Update

Key Points

• Short interest fell 49.6% to 22,030 shares as of September 15, representing approximately 0.0% of outstanding shares and only 0.9 days to cover.
• Dimensional Fund Advisors increased its CPAC holdings by 13.4% to 104,077 shares, or 0.12% of the company.
• CPAC reported quarterly EPS of $0.26, beating estimates of $0.12, while revenue of $163.77 million also exceeded expectations. Analysts maintain a consensus “Hold” rating with a $13.00 target price.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 22,030 shares, a decrease of 49.6% from the August 31st total of 43,731 shares. Approximately 0.0% of the company's shares are short sold. Based on an average trading volume of 24,571 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP boosted its holdings in Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 104,077 shares of the construction company's stock after acquiring an additional 12,323 shares during the quarter. Dimensional Fund Advisors LP owned 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 at the end of the most recent quarter.

Cementos Pacasmayo S.A.A. Stock Performance

Shares of Cementos Pacasmayo S.A.A. stock opened at $12.17 on Tuesday. The business has a 50-day simple moving average of $12.16 and a 200 day simple moving average of $11.33. Cementos Pacasmayo S.A.A. has a one year low of $6.25 and a one year high of $12.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.50. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 16.90 and a beta of 0.76.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.14. Cementos Pacasmayo S.A.A. had a return on equity of 16.49% and a net margin of 9.42%.The firm had revenue of $163.77 million during the quarter, compared to analysts' expectations of $156.89 million. On average, research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CPAC has been the subject of a number of research analyst reports. Scotiabank lifted their target price on Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. to a "buy" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, July 9th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.00.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA. is a Peru-based company engaged in the production, distribution and sale of cement and related construction materials. Its product portfolio includes cement, ready-mix concrete, mortar, concrete products, aggregates and quicklime, serving residential, commercial, industrial and infrastructure construction markets.

Founded in 1949, the company primarily serves northern and northeastern Peru through an integrated network of manufacturing plants, distribution facilities and sales channels.

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