Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Large Drop in Short Interest

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 19,854 shares, a decrease of 51.9% from the December 15th total of 41,312 shares. Based on an average daily trading volume, of 349,696 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 349,696 shares, the days-to-cover ratio is presently 0.1 days.Wall Street Analysts Forecast GrowthSeveral equities research analysts have recently commented on the company. Scotiabank boosted their price target on Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the stock a "sector perform" rating in a research note on Friday, December 19th. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday. Finally, JPMorgan Chase & Co. boosted their target price on Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the stock an "underweight" rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $10.15.Get Our Latest Stock Analysis on CPACCementos Pacasmayo S.A.A. Price PerformanceShares of CPAC traded down $0.12 during mid-day trading on Wednesday, reaching $10.47. 26,988 shares of the company's stock were exchanged, compared to its average volume of 31,610. The company has a quick ratio of 0.49, a current ratio of 1.40 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $8.47 and a two-hundred day simple moving average of $7.29. Cementos Pacasmayo S.A.A. has a 52-week low of $5.10 and a 52-week high of $11.30. The company has a market cap of $887.54 million, a price-to-earnings ratio of 14.96 and a beta of 0.67. Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last posted its earnings results on Tuesday, October 28th. The construction company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.05. Cementos Pacasmayo S.A.A. had a return on equity of 17.19% and a net margin of 10.68%.The firm had revenue of $165.53 million for the quarter, compared to analyst estimates of $159.70 million. On average, sell-side analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year. Cementos Pacasmayo S.A.A. Dividend AnnouncementThe company also recently announced a special dividend, which was paid on Thursday, December 18th. Investors of record on Friday, November 21st were paid a $0.6018 dividend. The ex-dividend date of this dividend was Friday, November 21st. Cementos Pacasmayo S.A.A.'s payout ratio is presently 78.57%. Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.An institutional investor recently bought a new position in Cementos Pacasmayo S.A.A. stock. Benjamin Edwards Inc. bought a new position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 75,041 shares of the construction company's stock, valued at approximately $522,000. Benjamin Edwards Inc. owned approximately 0.09% of Cementos Pacasmayo S.A.A. as of its most recent filing with the Securities and Exchange Commission. Cementos Pacasmayo S.A.A. Company Profile (Get Free Report)Cementos Pacasmayo SAA. is a Peru‐based cement and construction materials company engaged in the production, distribution and sale of cement and related products. The company’s core activities include manufacturing ordinary portland cement, hydrated lime and other industrial minerals. It serves the building and infrastructure sectors, offering tailored solutions for public works, residential and commercial construction projects. Founded in 1949 in the coastal city of Pacasmayo, the company has grown into one of Peru’s leading cement producers.See AlsoFive stocks we like better than Cementos Pacasmayo S.A.A.This AI Opportunity Was Built to Evolve With DemandPunch these codes into your ordinary brokerage accountDo not delete, read immediatelyHow a Family Trust May Be Able To Help Preserve Your WealthZacks Puts $25.50 target on BSEM!This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Cementos Pacasmayo S.A.A. Right Now?Before you consider Cementos Pacasmayo S.A.A., you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cementos Pacasmayo S.A.A. wasn't on the list.While Cementos Pacasmayo S.A.A. currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here