Corporación América Airports S.A. (NYSE:CAAP) Short Interest Up 6.8% in November

Corporación América Airports S.A. (NYSE:CAAP) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 1,560,000 shares, an increase of 6.8% from the November 15th total of 1,460,000 shares. Based on an average trading volume of 143,500 shares, the days-to-cover ratio is presently 10.9 days. Currently, 5.3% of the shares of the stock are short sold.

Corporación América Airports Price Performance

Corporación América Airports stock traded down $0.34 during mid-day trading on Tuesday, reaching $20.34. The company had a trading volume of 192,536 shares, compared to its average volume of 150,741. The stock’s 50-day simple moving average is $18.88 and its 200-day simple moving average is $17.37. The company has a market capitalization of $3.32 billion, a P/E ratio of 9.57 and a beta of 2.02. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.29 and a quick ratio of 1.27. Corporación América Airports has a 1 year low of $13.74 and a 1 year high of $20.79.

Hedge Funds Weigh In On Corporación América Airports

Several hedge funds have recently added to or reduced their stakes in CAAP. Quarry LP purchased a new position in shares of Corporación América Airports during the 2nd quarter worth approximately $38,000. Rhumbline Advisers acquired a new stake in shares of Corporación América Airports during the second quarter valued at $98,000. Vontobel Holding Ltd. purchased a new stake in Corporación América Airports during the 3rd quarter worth about $224,000. Metis Global Partners LLC raised its stake in Corporación América Airports by 33.5% in the 3rd quarter. Metis Global Partners LLC now owns 13,958 shares of the company’s stock valued at $244,000 after purchasing an additional 3,501 shares during the last quarter. Finally, Ping Capital Management Inc. purchased a new stake in shares of Corporación América Airports during the second quarter worth about $383,000. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

Corporación América Airports Company Profile

Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r.l. and changed its name to Corporación América Airports SA in September 2017.