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

Shinhan Financial Group Co., Ltd. (NYSE:SHG) saw a large decrease in short interest in 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. Based on an average trading volume of 262,500 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of Shinhan Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHG. Sierra Ocean LLC purchased a new stake in Shinhan Financial Group during the 4th quarter valued at approximately $43,000. R Squared Ltd bought a new position in shares of Shinhan Financial Group during the fourth quarter worth $76,000. Tower Research Capital LLC TRC grew its stake in Shinhan Financial Group by 1,884.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank’s stock valued at $95,000 after acquiring an additional 2,751 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Shinhan Financial Group in the 4th quarter valued at $125,000. Finally, Sterling Capital Management LLC boosted its holdings in shares of Shinhan Financial Group by 8.1% during the 4th quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank’s stock valued at $183,000 after purchasing an additional 415 shares during the last quarter. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

NYSE:SHG traded down $0.25 during trading hours on Thursday, hitting $32.58. 68,900 shares of the stock traded hands, compared to its average volume of 159,428. The stock has a 50 day moving average price of $33.70 and a 200 day moving average price of $37.22. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The company has a market cap of $16.40 billion, a price-to-earnings ratio of 5.11, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. Shinhan Financial Group has a 1 year low of $29.25 and a 1 year high of $46.05.

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