Bancolombia S.A Short ratio
What is the Short ratio of Bancolombia S.A?
The Short ratio of Bancolombia S.A. is 0.90
What is the definition of Short ratio?
Short ratio is the number of shares sold short divided by the average daily volume.
= short interest / average daily volume
Short ratio is calculated by dividing the number of shares sold short by the average daily trading volume, generally over the last 30 trading days. The ratio represents the number of days it takes short sellers on average to repurchase all the borrowed shares. The ratio is used by both fundamental and technical traders to identify trends.
The percentage represents the number of days it takes short sellers on average to repurchase all the borrowed shares. Short selling is the practice of selling securities or other financial instruments that are not currently owned, and subsequently repurchasing them. In the event of an interim price decline, the short seller profits, since the cost of (re)purchase is less than the proceeds received upon the initial (short) sale. Conversely, the short position closes out at a loss if the price of a shorted instrument rises prior to repurchase. A high short ratio can be an indicator that there will be some buying pressure on the security that would increase its price.
Short ratio of companies in the Finance sector on NYSE compared to Bancolombia S.A
What does Bancolombia S.A do?
Bancolombia S.A. is a full-service financial institution that provides financial products and services in Colombia, Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru and Guatemala. Bancolombia is one of the six banking-related companies of the COLCAP index.
Companies with short ratio similar to Bancolombia S.A
- Sinopec Shanghai Petrochemical Co has Short ratio of 0.89
- First Trust Infrastructure Fund has Short ratio of 0.89
- Avalara Inc has Short ratio of 0.89
- CRH Medical has Short ratio of 0.89
- Astria Therapeutics Inc has Short ratio of 0.89
- Adobe Inc has Short ratio of 0.89
- Bancolombia S.A has Short ratio of 0.90
- Dajin Lithium has Short ratio of 0.91
- Endologix has Short ratio of 0.91
- Ault Global Inc has Short ratio of 0.91
- Alcoa Corp has Short ratio of 0.91
- Spectra7 Microsystems Inc has Short ratio of 0.91
- Canada Carbon has Short ratio of 0.91