Short Interest in Cementos Pacasmayo S.A.A. (NYSE:CPAC) Declines By 31.7%

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 11,200 shares, a decrease of 31.7% from the April 30th total of 16,400 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 2.1 days.

Cementos Pacasmayo S.A.A. Price Performance

CPAC traded down $0.03 during midday trading on Thursday, reaching $5.96. 1,031 shares of the company's stock were exchanged, compared to its average volume of 7,148. The firm has a market capitalization of $504.83 million, a price-to-earnings ratio of 10.09 and a beta of 0.70. 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. has a one year low of $5.10 and a one year high of $6.65. The business has a 50-day simple moving average of $5.58 and a two-hundred day simple moving average of $5.69.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The construction company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $134.84 million during the quarter, compared to analysts' expectations 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 Investors Weigh In On Cementos Pacasmayo S.A.A.

Hedge funds have recently made changes to their positions in the company. Woodward Diversified Capital LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. during the 4th quarter worth about $58,000. Citadel Advisors LLC acquired a new stake in Cementos Pacasmayo S.A.A. in the 4th quarter valued at about $68,000. Finally, BNP Paribas Financial Markets increased 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 acquiring an additional 2,000 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Scotiabank increased their price target on shares of Cementos Pacasmayo S.A.A. from $6.00 to $6.40 and gave the company a "sector perform" rating in a report on Wednesday.

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.