Credicorp Ltd. (NYSE:BAP) Sees Large Increase in Short Interest

Credicorp Ltd. (NYSE:BAP – Get Rating) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 547,200 shares, a growth of 25.7% from the April 15th total of 435,400 shares. Based on an average daily volume of 576,600 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.1% of the shares of the stock are short sold.

Shares of NYSE BAP traded down $7.96 during midday trading on Wednesday, reaching $132.09. The stock had a trading volume of 336,641 shares, compared to its average volume of 517,784. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.38 and a beta of 0.87. Credicorp has a twelve month low of $88.67 and a twelve month high of $182.11. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. The company’s 50 day moving average price is $152.39 and its 200 day moving average price is $139.66.

The company also recently declared an annual dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 20th will be given a $3.9382 dividend. The ex-dividend date of this dividend is Thursday, May 19th. This represents a dividend yield of 0.9%. Credicorp’s dividend payout ratio (DPR) is currently 11.83%.

Several brokerages recently issued reports on BAP. Zacks Investment Research lowered shares of Credicorp from a “buy” rating to a “hold” rating in a report on Friday, May 13th. StockNews.com began coverage on shares of Credicorp in a report on Thursday, March 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Credicorp has an average rating of “Hold” and a consensus target price of $138.00.

Several hedge funds and other institutional investors have recently modified their holdings of BAP. Virtu Financial LLC acquired a new position in shares of Credicorp during the 1st quarter valued at $1,290,000. Pelham Capital Ltd. acquired a new position in shares of Credicorp during the 1st quarter valued at $19,669,000. Beacon Pointe Advisors LLC acquired a new position in shares of Credicorp during the 1st quarter valued at $970,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Credicorp during the 1st quarter valued at $593,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of Credicorp during the 1st quarter valued at $358,000.

Credicorp Company Profile (Get Rating)

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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