Short Interest Runner: Could Credicorp Limited (NYSE:BAP) Skyrocket? The Stock Has Too Many Sellers

November 25, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Runner: Could Credicorp Limited (NYSE:BAP) Skyrocket? The Stock Has Too Many Sellers

The stock of Credicorp Limited (NYSE:BAP) registered an increase of 3.9% in short interest. BAP’s total short interest was 754,500 shares in November as published by FINRA. Its up 3.9% from 726,200 shares, reported previously. With 257,700 shares average volume, it will take short sellers 3 days to cover their BAP’s short positions. The short interest to Credicorp Limited’s float is 1.46%. About 17,105 shares traded hands. Credicorp Ltd. (USA) (NYSE:BAP) has risen 5.08% since April 22, 2016 and is uptrending. It has underperformed by 0.33% the S&P500.

Credicorp Ltd. is a financial services holding firm in Peru. The company has a market cap of $14.02 billion. The Firm has four operating divisions based on its services and products, which include banking, insurance, pension funds and investment banking. It has a 12.17 P/E ratio. The Company’s operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros ; Prima AFP S.A., and Credicorp Capital Ltd. (Credicorp Capital).

Credicorp Ltd. (USA) (NYSE:BAP) Ratings Coverage

Out of 6 analysts covering Credicorp LTD (NYSE:BAP), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Credicorp LTD has been the topic of 9 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The stock of Credicorp Ltd. (USA) (NYSE:BAP) has “Outperform” rating given on Wednesday, September 21 by Credit Suisse. JP Morgan maintained it with “Overweight” rating and $190 target price in Thursday, August 11 report. The firm earned “Hold” rating on Thursday, March 24 by Santander. The stock has “Outperform” rating given by Scotia Capital on Tuesday, March 15. Morgan Stanley upgraded Credicorp Ltd. (USA) (NYSE:BAP) on Friday, September 11 to “Overweight” rating. The firm earned “Overweight” rating on Tuesday, March 15 by Barclays Capital.

BAP Company Profile

Credicorp Ltd. (Credicorp), incorporated on August 17, 1995, is a financial services holding firm in Peru. The Firm has four operating divisions based on its services and products, which include banking, insurance, pension funds and investment banking. The Company’s principal operating subsidiaries include Banco de Credito del Peru (BCP); Atlantic Security Bank (ASB), which it holds through Atlantic Security Holding Corporation (ASHC); El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP S.A., and Credicorp Capital Ltd. (Credicorp Capital).

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By Hazel Jackson


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