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

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the target of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 11,800 shares, a drop of 58.9% from the November 15th total of 28,700 shares. Based on an average daily trading volume, of 11,200 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.0% of the company’s shares are short sold.

Cementos Pacasmayo S.A.A. Stock Performance

CPAC traded up $0.05 during midday trading on Friday, reaching $5.98. The company had a trading volume of 5,487 shares, compared to its average volume of 8,416. The business has a 50-day moving average of $5.99 and a two-hundred day moving average of $5.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 1.56. Cementos Pacasmayo S.A.A. has a 1 year low of $4.74 and a 1 year high of $6.65.

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

Cementos Pacasmayo S.A.A. Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.5421 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 7.9%. Cementos Pacasmayo S.A.A.’s dividend payout ratio (DPR) is currently 87.72%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered 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 note on Wednesday, August 21st.

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.