Shinhan Financial Group Co., Ltd. (NYSE:SHG) Short Interest Update

Shinhan Financial Group Co., Ltd. (NYSE:SHG) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 804,100 shares, an increase of 72.7% from the December 15th total of 465,500 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 169,800 shares, the days-to-cover ratio is presently 4.7 days.

Shinhan Financial Group Stock Performance

NYSE SHG traded up $0.89 during trading on Wednesday, reaching $35.30. 114,105 shares of the company’s stock were exchanged, compared to its average volume of 170,434. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50 day moving average price of $36.39 and a 200-day moving average price of $39.34. The stock has a market capitalization of $17.77 billion, a P/E ratio of 5.54, a PEG ratio of 0.57 and a beta of 0.95. Shinhan Financial Group has a fifty-two week low of $27.09 and a fifty-two week high of $46.05.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings results on Friday, October 25th. The bank reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. The business had revenue of $3.11 billion for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. Sell-side analysts forecast that Shinhan Financial Group will post 6.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shinhan Financial Group

A number of large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in Shinhan Financial Group by 7.8% in the second quarter. American Century Companies Inc. now owns 646,749 shares of the bank’s stock valued at $22,513,000 after buying an additional 46,720 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Shinhan Financial Group by 6.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,224 shares of the bank’s stock valued at $251,000 after buying an additional 421 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Shinhan Financial Group by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 122,477 shares of the bank’s stock valued at $4,263,000 after acquiring an additional 2,373 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Shinhan Financial Group by 4.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 63,490 shares of the bank’s stock worth $2,202,000 after buying an additional 2,914 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Shinhan Financial Group in the second quarter valued at $234,000. 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.