Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Down 58.9% in November

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

Analysts Set New Price Targets

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

Cementos Pacasmayo S.A.A. Stock Up 0.8 %

Shares of NYSE:CPAC traded up $0.05 during mid-day trading on Friday, reaching $5.98. The stock had a trading volume of 5,487 shares, compared to its average volume of 8,416. The business’s 50 day moving average price is $5.99 and its 200 day moving average price is $5.75. Cementos Pacasmayo S.A.A. has a 1 year low of $4.74 and a 1 year high of $6.65. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.56 and a quick ratio of 0.47.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $137.76 million during the quarter, compared to analyst estimates of $140.30 million. Cementos Pacasmayo S.A.A. had a net margin of 9.41% and a return on equity of 17.48%. Sell-side analysts expect that Cementos Pacasmayo S.A.A. will post 0.64 EPS for the current fiscal year.

Cementos Pacasmayo S.A.A. Cuts Dividend

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

Cementos Pacasmayo S.A.A. Company Profile

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.