Pampa Energia S.A. (NYSE:PAM) Sees Significant Growth in Short Interest

Pampa Energia S.A. (NYSE:PAM) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 2,802,776 shares, a growth of 83.6% from the March 29th total of 1,526,805 shares. Based on an average trading volume of 624,902 shares, the short-interest ratio is currently 4.5 days.

PAM has been the topic of several research reports. ValuEngine lowered shares of Pampa Energia from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Zacks Investment Research downgraded shares of Pampa Energia from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 14th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Pampa Energia has a consensus rating of “Hold” and a consensus target price of $42.50.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new position in shares of Pampa Energia during the fourth quarter valued at approximately $69,000. NumerixS Investment Technologies Inc purchased a new stake in Pampa Energia during the fourth quarter valued at approximately $106,000. Barclays PLC purchased a new stake in Pampa Energia during the fourth quarter valued at approximately $124,000. Virtu Financial LLC purchased a new stake in Pampa Energia during the first quarter valued at approximately $213,000. Finally, Fort Sheridan Advisors LLC purchased a new stake in Pampa Energia during the first quarter valued at approximately $252,000. 35.74% of the stock is owned by hedge funds and other institutional investors.

Shares of PAM traded down $0.71 during mid-day trading on Friday, hitting $22.72. 506,537 shares of the company traded hands, compared to its average volume of 508,272. The company has a quick ratio of 1.17, a current ratio of 1.34 and a debt-to-equity ratio of 0.97. Pampa Energia has a 1 year low of $19.50 and a 1 year high of $55.59. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -14.85 and a beta of 0.60.

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About Pampa Energia

Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.

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