Shinhan Financial Group Co., Ltd. (NYSE:SHG) Short Interest Up 60.0% in December

Shinhan Financial Group Co., Ltd. (NYSE:SHG) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 465,500 shares, a growth of 60.0% from the November 30th total of 291,000 shares. Based on an average daily volume of 169,200 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.1% of the shares of the stock are sold short.

Shinhan Financial Group Trading Down 1.4 %

Shares of SHG opened at $33.18 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. The stock has a market cap of $16.70 billion, a PE ratio of 5.21, a PEG ratio of 0.57 and a beta of 0.92. Shinhan Financial Group has a 1 year low of $27.09 and a 1 year high of $46.05. The stock has a 50 day simple moving average of $37.97 and a 200-day simple moving average of $39.33.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings data on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.02. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The firm had revenue of $3.11 billion for the quarter. On average, sell-side analysts predict that Shinhan Financial Group will post 6.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Shinhan Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FSC Wealth Advisors LLC bought a new position in shares of Shinhan Financial Group in the third quarter valued at about $76,000. GAMMA Investing LLC increased its position in Shinhan Financial Group by 45.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock valued at $84,000 after acquiring an additional 621 shares in the last quarter. Waldron Private Wealth LLC bought a new position in shares of Shinhan Financial Group in the third quarter worth about $126,000. Allspring Global Investments Holdings LLC lifted its position in shares of Shinhan Financial Group by 34.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,079 shares of the bank’s stock worth $130,000 after purchasing an additional 789 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Shinhan Financial Group during the third quarter valued at approximately $202,000. Institutional investors and hedge funds own 7.76% of the company’s stock.

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.