Credicorp Ltd. (NYSE:BAP – Get Rating) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 497,100 shares, a growth of 9.3% from the August 15th total of 454,600 shares. Based on an average daily trading volume, of 299,600 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.0% of the shares of the company are short sold.
Wall Street Analyst Weigh In
Separately, Credit Suisse Group raised shares of Credicorp from a "neutral" rating to an "outperform" rating and lowered their price target for the company from $151.32 to $142.00 in a report on Tuesday, July 19th.
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Credicorp stock traded down $0.05 on Wednesday, hitting $130.99. The company's stock had a trading volume of 5,809 shares, compared to its average volume of 246,225. The firm has a market cap of $10.42 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 0.39 and a beta of 0.90. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.22. The company has a fifty day moving average price of $129.79 and a 200-day moving average price of $138.09. Credicorp has a one year low of $104.41 and a one year high of $182.11.
Institutional Investors Weigh In On Credicorp
Several institutional investors and hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new stake in shares of Credicorp in the 2nd quarter valued at $35,000. Signaturefd LLC boosted its stake in shares of Credicorp by 36.5% in the 1st quarter. Signaturefd LLC now owns 430 shares of the bank's stock valued at $74,000 after purchasing an additional 115 shares in the last quarter. Ronald Blue Trust Inc. acquired a new stake in shares of Credicorp in the 2nd quarter valued at $124,000. JJJ Advisors Inc. boosted its stake in shares of Credicorp by 23.0% in the 1st quarter. JJJ Advisors Inc. now owns 797 shares of the bank's stock valued at $137,000 after purchasing an additional 149 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Credicorp by 20.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank's stock valued at $179,000 after purchasing an additional 173 shares in the last quarter.About Credicorp
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Credicorp Ltd., a financial service holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.
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