Short Interest in Shinhan Financial Group Co., Ltd. (NYSE:SHG) Decreases By 17.8%

Shinhan Financial Group Co., Ltd. (NYSE:SHG) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 728,800 shares, a decrease of 17.8% from the February 13th total of 886,100 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 262,500 shares, the short-interest ratio is currently 2.8 days.

Institutional Trading of Shinhan Financial Group

Large investors have recently bought and sold shares of the business. Sierra Ocean LLC acquired a new stake in shares of Shinhan Financial Group in the 4th quarter valued at about $43,000. R Squared Ltd acquired a new stake in shares of Shinhan Financial Group in the 4th quarter valued at about $76,000. Tower Research Capital LLC TRC grew its stake in shares of Shinhan Financial Group by 1,884.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank’s stock valued at $95,000 after buying an additional 2,751 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Shinhan Financial Group in the 4th quarter valued at about $125,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Shinhan Financial Group in the 3rd quarter valued at about $202,000. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Trading Down 0.7 %

NYSE SHG traded down $0.23 on Tuesday, reaching $32.36. The company had a trading volume of 247,020 shares, compared to its average volume of 158,914. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of 5.08, a P/E/G ratio of 0.44 and a beta of 0.89. Shinhan Financial Group has a fifty-two week low of $29.25 and a fifty-two week high of $46.05. The business has a 50 day moving average of $33.74 and a two-hundred day moving average of $37.32. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The firm had revenue of $2.82 billion during the quarter. Analysts forecast that Shinhan Financial Group will post 5.97 EPS for the current year.

About Shinhan Financial Group

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.