Short-term stake in Cementos Pacasmayo SAA (NYSE:CPAC) increases 847.8%

Cementos Pacasmayo SAA (NYSE:CPAC – Get Rating) was the target of a significant increase in short interest during the month of September. As of September 15, there was short interest totaling 21,800 shares, an increase of 847.8% from the total of 2,300 shares as of August 31. Based on an average daily volume of 7,000 shares, the day-to-cover ratio is currently 3.1 days.

Institutional trading of Cementos Pacasmayo SAA

Hedge funds and other institutional investors have recently been buying and selling shares of the company. Dimensional Fund Advisors LP increased its stake in Cementos Pacasmayo SAA by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 98,674 shares of the construction company worth $670,000 after acquiring an additional 5,935 shares during the period. Renaissance Technologies LLC acquired a new stake in Cementos Pacasmayo SAA during the 2nd quarter for a value of approximately $59,000. Finally, Sagil Capital LLP bought a new position in shares of Cementos Pacasmayo SAA in the 2nd quarter for a value of $321,000. Institutional investors hold 0.43% of the company’s shares.

Cementos Pacasmayo SAA share performance

CPAC was up $0.14 in midday trading on Tuesday, hitting $4.69. The company had a trading volume of 5,555 shares, compared to an average volume of 10,582. The company has a leverage ratio of 0.56, a quick ratio of 0.46 and a current ratio of 1.14. The stock has a market capitalization of $397.59 million, a PE ratio of 8.38 and a beta of 0.51. Cementos Pacasmayo SAA has a 12-month low of $4.39 and a 12-month high of $7.00. The company has a 50-day moving average price of $4.92 and a two-hundred-day moving average price of $5.38.

Cementos Pacasmayo SAA (NYSE:CPAC – Get Rating) last released its quarterly results on Friday, July 22. The construction company reported earnings per share (EPS) of $0.15 for the quarter. Cementos Pacasmayo SAA achieved a net margin of 9.10% and a return on equity of 15.17%. The company posted revenue of $134.22 million for the quarter. On average, sell-side analysts expect Cementos Pacasmayo SAA to post earnings per share of 0.58 for the current fiscal year.

About Cementos Pacasmayo SAA

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Cementos Pacasmayo SAA., a cement company, produces, distributes and sells cement and cement-related materials in Peru. The Company operates through three segments: Cement, Concrete and Precast; Quicklime; and sale of building supplies. It produces cement for various uses, such as residential and commercial construction and civil engineering; ready-mixed concrete used on construction sites; precast concrete, such as pavers or pavers for walkways, as well as other bricks for partitions and precast concrete for structural and non-structural purposes; and cementitious products.

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