Is Credicorp LTD. (NYSE:BAP)’s Fuel Running High? Reports Show Less Sellers

February 22, 2018 - By Vivian Park

 Is Credicorp LTD. (NYSE:BAP)’s Fuel Running High? Reports Show Less Sellers

The stock of Credicorp LTD. (NYSE:BAP) registered a decrease of 8.94% in short interest. BAP’s total short interest was 798,500 shares in February as published by FINRA. Its down 8.94% from 876,900 shares, reported previously. With 249,700 shares average volume, it will take short sellers 3 days to cover their BAP’s short positions. The short interest to Credicorp LTD.’s float is 1.59%.

The stock increased 0.95% or $2.07 during the last trading session, reaching $219.58. About 191,574 shares traded. Credicorp Ltd. (NYSE:BAP) has risen 23.51% since February 22, 2017 and is uptrending. It has outperformed by 6.81% the S&P500.

Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. The company has market cap of $17.51 billion. It operates through four divisions: Banking, Insurance, Pension Funds, and Investment Banking. It has a 19.09 P/E ratio. The firm offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.

Credicorp Ltd. (NYSE:BAP) Ratings Coverage

Among 9 analysts covering Credicorp LTD (NYSE:BAP), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Credicorp LTD had 12 analyst reports since September 11, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Scotia Capital on Tuesday, March 15. Morgan Stanley upgraded the shares of BAP in report on Friday, September 11 to “Overweight” rating. The stock of Credicorp Ltd. (NYSE:BAP) earned “Hold” rating by Santander on Thursday, March 24. The firm has “Buy” rating by UBS given on Tuesday, August 15. The rating was maintained by Barclays Capital on Tuesday, March 15 with “Overweight”. The rating was downgraded by HSBC on Monday, November 13 to “Hold”. JP Morgan maintained the stock with “Overweight” rating in Thursday, August 11 report. Citigroup downgraded the shares of BAP in report on Friday, September 29 to “Neutral” rating. The firm earned “Outperform” rating on Wednesday, September 21 by Credit Suisse.

More recent Credicorp Ltd. (NYSE:BAP) news were published by: which released: “7 Bank Stocks That Will Crush the Market in 2017” on December 09, 2016. Also published the news titled: “Earnings Scheduled For February 5, 2018” on February 05, 2018.‘s news article titled: “Earnings Scheduled For August 7, 2017” with publication date: August 07, 2017 was also an interesting one.

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