Short Interest in Bancolombia S.A. (NYSE:CIB) Rises By 211.8%

Bancolombia S.A. (NYSE:CIB - Get Free Report) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 356,100 shares, a growth of 211.8% from the January 15th total of 114,200 shares. Based on an average daily trading volume, of 304,700 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.3% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upgraded shares of Bancolombia from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $40.00 to $53.00 in a research note on Tuesday, January 28th.

Bancolombia Stock Performance

Bancolombia stock traded up $0.43 during mid-day trading on Friday, reaching $40.75. The company had a trading volume of 277,633 shares, compared to its average volume of 481,294. The company has a 50 day moving average of $34.62 and a 200-day moving average of $33.13. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 2.27 and a beta of 1.22. Bancolombia has a 52 week low of $30.25 and a 52 week high of $41.00. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.34.

Bancolombia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were given a $0.8044 dividend. This represents a $3.22 annualized dividend and a dividend yield of 7.90%. The ex-dividend date was Monday, December 30th. Bancolombia's payout ratio is presently 50.71%.

Institutional Investors Weigh In On Bancolombia

Large investors have recently bought and sold shares of the company. Venturi Wealth Management LLC acquired a new stake in Bancolombia in the 3rd quarter valued at $27,000. Lindbrook Capital LLC boosted its position in shares of Bancolombia by 74.7% during the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock valued at $31,000 after buying an additional 414 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Bancolombia by 96.5% during the 3rd quarter. Blue Trust Inc. now owns 1,305 shares of the bank's stock valued at $43,000 after buying an additional 641 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Bancolombia by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank's stock valued at $72,000 after purchasing an additional 657 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Bancolombia in the 4th quarter worth approximately $89,000.

About Bancolombia

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.