Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Large Growth in Short Interest
Cementos Pacasmayo (NYSE:CPAC) reported short interest of 26,746 shares as of May 15, up 121.5% from 12,077 on April 30, with a days-to-cover ratio of 1.5 based on average volume. CPAC traded down 1.3% to $10.49. The company reported Q1 EPS of $0.28 vs $0.11 consensus and revenue of $158.95M vs $146.77M.
How this was made
The 30-second read
Why it matters
The main tradable element is the change in short positioning (short interest up sharply in May) rather than new fundamentals; earnings are referenced but not newly reported in this article.
Market read
Traders may reassess near-term volatility and risk management for CPAC based on the short-interest jump and days-to-cover.
What to watch
Days-to-cover (1.5) is low, implying shorts may not be under heavy pressure; without borrow-rate/CTB or utilization data, squeeze risk is uncertain.
Background
The article is a short-interest/flow update for CPAC, following an earnings print on April 24.
Ticker impact
Cementos Pacasmayo short interest jumped 121.5% in May, with days-to-cover at 1.5, signaling a fresh positioning/risk shift for CPAC.
Near-term volatility risk slightly higher; directional bias unclear without follow-through on fundamentals or borrow/cover dynamics.
The piece provides a concrete change in short interest and days-to-cover, but lacks catalysts (no new guidance/deal/litigation) and reports ~0.0% shares sold short, limiting conviction on sustained price pressure.
Market effects
Limited direct read-across to cement peers; this is primarily a single-name positioning/flow signal.
Potentially reflects investor sentiment toward Peru-linked construction/materials exposure, but no Peru macro catalyst is cited.
Low—no commodity, FX, or global cement demand shock is described.
Counterpoint
The reported ~0.0% shorted float suggests the short-interest jump may be small in absolute terms, reducing squeeze impact despite the large percentage change.
Key entities
- public_companyCementos Pacasmayo S.A.A.
Peru cement and construction materials producer; NYSE-listed CPAC.
