<div id="readability-page-1"><p>Bancolombia S.A. (NYSE:CIB - Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 356,100 shares,  an increase of 211.8% from the January 15th total of 114,200 shares. Based on an average trading volume of 304,700 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.3% of the company's shares are sold short.</p><h2>Analyst Upgrades and Downgrades</h2><p>Separately, Morgan Stanley upgraded shares of Bancolombia from an &#34;equal weight&#34; rating to an &#34;overweight&#34; rating and raised their price objective for the company from $40.00 to $53.00 in a report on Tuesday, January 28th.</p><p><b>Get Our Latest Stock Report on Bancolombia</b></p><h2>Bancolombia Trading Down 0.1 %</h2><p>CIB stock traded down $0.05 during trading on Wednesday, hitting $39.99. The company had a trading volume of 234,176 shares, compared to its average volume of 417,717. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $34.31 and a 200-day moving average price of $33.02. Bancolombia has a 12 month low of $30.25 and a 12 month high of $40.62. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 2.27 and a beta of 1.22. </p><h2>Bancolombia Cuts Dividend</h2><p>The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were issued a $0.8044 dividend. This represents a $3.22 annualized dividend and a dividend yield of 8.05%. The ex-dividend date of this dividend  was Monday, December 30th. Bancolombia's dividend payout ratio (DPR) is 50.71%. </p><h2>Hedge Funds Weigh In On Bancolombia</h2><p>A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP acquired a new position in shares of  Bancolombia during the 3rd quarter worth approximately $8,208,000.  XTX Topco Ltd acquired a new position in shares of  Bancolombia during the third quarter worth $385,000.  Centiva Capital LP bought a new stake in shares of  Bancolombia in the 3rd quarter valued at about $288,000.  Point72 Asset Management L.P. lifted its stake in shares of  Bancolombia by 3,160.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 16,300 shares of the bank's stock valued at $511,000 after purchasing an additional 15,800 shares during the period.  Finally, Blue Trust Inc. raised its stake in  Bancolombia by 96.5% during the 3rd quarter. Blue Trust Inc. now owns 1,305 shares of the bank's stock worth $43,000 after buying an additional 641 shares during the period. </p><h2>About Bancolombia</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Bancolombia</li><li>3 Grocery Stocks That Can Help Take a Bite Out of Inflation </li><li>3 Reasons Micron Stock Is Deeply Undervalued Right Now</li><li>Canada Bond Market Holiday: How to Invest and Trade </li><li>Inflation Persists, But So Do Stock Opportunities: Rally On</li><li>What is MarketRank™? How to Use it</li><li>Energy Transfer Fuels the Cloud: A Natural Gas Power Play</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Where Should You Invest $1,000 Right Now?</h2><p>Before you make your next trade, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.</p><p>Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.</p><p>They believe these five stocks are the five best companies for investors to buy now...</p><p>See The Five Stocks Here </p><h2>Should You Invest $1,000 in Bancolombia Right Now?</h2><p>Before you consider Bancolombia, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bancolombia wasn't on the list.</p><p>While Bancolombia currently has a &#34;Reduce&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Bancolombia S.A. (NYSE:CIB) experienced a significant increase in short interest, rising by 211.8% in January, totaling 356,100 shares. The short-interest ratio is currently 1.2 days, with 0.3% of shares sold short. Morgan Stanley upgraded Bancolombia's rating from "equal weight" to "overweight" and raised the price target from $40.00 to $53.00. The stock traded down 0.1% to $39.99, with a market cap of $9.62 billion. The company declared a quarterly dividend of $0.8044, yielding 8.05%.</p>

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