Bancolombia S.A. (NYSE:CIB) Shorted Shares Reduced By 19.52%

April 16, 2018 - By Anthony Rauscher

Bancolombia S.A. (NYSE:CIB) Corporate Logo

It was noted a decrease on Bancolombia S.A. (NYSE:CIB)’s short interest with 19.52%. FINRA issued in April CIB’s total 1.44M short interest. That’s 19.52% down from 1.79 million shares. Bancolombia S.A. (NYSE:CIB) has 267,600 shares average volume. It’ll cost 5 days for CIB to recover its former position. 0.87% is Bancolombia S.A. float short.

On during the last trading session the stock decreased $0.43 or 0.86%, reaching $49.57.Bancolombia S.A. has volume of 205,379 shares. Since April 16, 2017 CIB has risen 6.47% and is uptrending. CIB underperformed the S&P500 by 5.08%.

Bancolombia S.A. provides various banking services and products to individual, corporate, and government clients throughout Colombia, Latin America, and the Caribbean region.The firm is worth $47.68 billion. The firm operates through nine divisions: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All Other.The P/E ratio is 13.41. It offers checking and savings accounts, fixed term deposits, and investment products; trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal and vehicle loans, payroll loans, overdrafts, and financing for industrial projects; mortgage banking and factoring services; and financial and operating leasing services.

Bancolombia S.A. (NYSE:CIB) Ratings Coverage

In total 5 analysts cover Bancolombia S.A. (NYSE:CIB). “Buy” rating has 1, “Sell” are 1, while 3 are “Hold”. 20% are bullish. 5 are the (NYSE:CIB)’s analyst reports since October 27, 2017 according to StockzIntelligence Inc. In Friday, October 27 report Deutsche Bank downgraded it to “Hold” rating and $45 target. On Wednesday, March 7 the rating was upgraded by Standpoint Research to “Accumulate”. On Friday, March 16 the rating was maintained by JP Morgan with “Neutral”. The stock rating was downgraded by Citigroup to “Sell” on Tuesday, January 9.

Bancolombia S.A. (NYSE:CIB) Analyst Ratings Chart

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