Short Interest in Cementos Pacasmayo S.A.A. (NYSE:CPAC) Decreases By 75.6%

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 1,900 shares, a decline of 75.6% from the December 15th total of 7,800 shares. Based on an average daily trading volume, of 12,800 shares, the days-to-cover ratio is presently 0.1 days.

Cementos Pacasmayo S.A.A. Price Performance

NYSE CPAC traded up $0.07 on Monday, hitting $5.52. The company had a trading volume of 4,263 shares, compared to its average volume of 5,395. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.56 and a quick ratio of 0.47. The company’s fifty day moving average price is $5.80 and its 200-day moving average price is $5.74. The company has a market capitalization of $467.95 million, a PE ratio of 9.68 and a beta of 0.62. Cementos Pacasmayo S.A.A. has a 12-month low of $4.98 and a 12-month high of $6.65.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $137.76 million during the quarter, compared to the consensus estimate of $140.30 million. Cementos Pacasmayo S.A.A. had a net margin of 9.41% and a return on equity of 17.48%. As a group, 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 company also recently announced a Variable dividend, which was paid on Tuesday, December 17th. Stockholders of record on Thursday, November 21st were given a $0.5421 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a dividend yield of 7.9%. Cementos Pacasmayo S.A.A.’s dividend payout ratio (DPR) is presently 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.