Today’s Short Interest: Could Bancolombia S A (NYSE:CIB) Skyrocket? The Stock Has Too Many Sellers

November 29, 2016 - By Winifred Garcia   ·   0 Comments

Today's Short Interest: Could Bancolombia S A (NYSE:CIB) Skyrocket? The Stock Has Too Many Sellers

The stock of Bancolombia S A (NYSE:CIB) registered an increase of 4.98% in short interest. CIB’s total short interest was 1.89M shares in November as published by FINRA. Its up 4.98% from 1.80M shares, reported previously. With 382,900 shares average volume, it will take short sellers 5 days to cover their CIB’s short positions. The short interest to Bancolombia S A’s float is 1.19%. About 94,786 shares traded hands. Bancolombia SA (ADR) (NYSE:CIB) has declined 14.42% since April 26, 2016 and is downtrending. It has underperformed by 19.68% the S&P500.

Bancolombia S.A. is a financial institution engaged in providing a range of financial services and products to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The company has a market cap of $7.65 billion. The Bank operates through 10 divisions: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other. It currently has negative earnings. It delivers its services and products through its regional network comprising Colombia’s non-Government owned banking network, El Salvador’s financial conglomerate by gross loans, Guatemala’s bank, Panama’s bank and off-shore banking subsidiaries in Panama, Cayman and Puerto Rico, as well as subsidiaries in Peru.

Bancolombia SA (ADR) (NYSE:CIB) Ratings Coverage

Out of 9 analysts covering Bancolombia S.A. (NYSE:CIB), 3 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 33% are positive. Bancolombia S.A. has been the topic of 16 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by JP Morgan on Wednesday, October 28. The stock of Bancolombia SA (ADR) (NYSE:CIB) has “Neutral” rating given on Tuesday, March 29 by Goldman Sachs. The rating was downgraded by Credit Suisse on Thursday, October 6 to “Neutral”. The stock has “Underweight” rating given by Barclays Capital on Thursday, December 3. The stock has “Buy” rating given by Zacks on Monday, August 24. Barclays Capital maintained Bancolombia SA (ADR) (NYSE:CIB) on Thursday, March 24 with “Underweight” rating. The rating was upgraded by Standpoint Research on Friday, August 14 to “Buy”. The company was upgraded on Thursday, July 23 by JP Morgan. HSBC upgraded the stock to “Buy” rating in Wednesday, December 16 report. The firm earned “Neutral” rating on Monday, March 14 by Bank of America.

CIB Company Profile

Bancolombia S.A. (Bancolombia), incorporated on November 22, 1984, is a financial institution, with presence in various jurisdictions, such as Colombia, Panama, El Salvador, Puerto Rico, Guatemala, the Cayman Islands and Peru. The Bank is engaged in providing a range of financial services and products to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank manages its business through 10 divisions: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other. The Bank delivers its services and products through its regional network comprising Colombia’s non-Government owned banking network, El Salvador’s financial conglomerate by gross loans, Guatemala’s bank, Panama’s bank and off-shore banking subsidiaries in Panama, Cayman and Puerto Rico, as well as subsidiaries in Peru. The Bank and its subsidiaries offer Savings And Investment, Ahorro A La Mano, Financing, Mortgage Banking, Factoring, Financial and Operating Leases, Capital Markets, eTrading, Cash Management, Foreign Currency, Bancassurance, Investment Banking and Trust Services.

More recent Bancolombia SA (ADR) (NYSE:CIB) news were published by: Marketwatch.com which released: “BanColombia SA ADR” on December 21, 2009. Also Seekingalpha.com published the news titled: “Bancolombia SA (CIB) Q4 2015 Results – Earnings Call Transcript” on March 10, 2016. Benzinga.com‘s news article titled: “Earnings Scheduled For November 21, 2016” with publication date: November 21, 2016 was also an interesting one.

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By Winifred Garcia


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