Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Significant Growth in Short Interest

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 32,700 shares, an increase of 53.5% from the October 15th total of 21,300 shares. Based on an average daily trading volume, of 7,400 shares, the short-interest ratio is currently 4.4 days.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. downgraded shares of Cementos Pacasmayo S.A.A. from a “neutral” rating to an “underweight” rating and set a $6.00 price objective on the stock. in a research report on Wednesday, August 21st.

Cementos Pacasmayo S.A.A. Trading Down 0.6 %

Shares of NYSE:CPAC traded down $0.04 during midday trading on Thursday, reaching $6.31. 11,403 shares of the company’s stock traded hands, compared to its average volume of 7,623. Cementos Pacasmayo S.A.A. has a one year low of $4.65 and a one year high of $6.65. The company has a current ratio of 1.56, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. The stock has a 50 day moving average of $5.89 and a 200 day moving average of $5.69.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its earnings results on Tuesday, October 29th. The construction company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Cementos Pacasmayo S.A.A. had a net margin of 9.41% and a return on equity of 17.48%. The company had revenue of $137.76 million for the quarter, compared to analysts’ expectations of $140.30 million. On average, research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.64 earnings per share for the current fiscal year.

Cementos Pacasmayo S.A.A. Cuts Dividend

The firm also recently announced a Variable dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Thursday, November 21st will be issued a $0.5421 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a dividend yield of 7.9%. Cementos Pacasmayo S.A.A.’s dividend payout ratio (DPR) is presently 85.97%.

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.