Woori Financial Group Inc. (NYSE:WF) Sees Significant Decline in Short Interest

Woori Financial Group Inc. (NYSE:WF) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 21,000 shares, a decline of 42.1% from the January 31st total of 36,300 shares. Based on an average trading volume of 61,600 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Woori Financial Group

A number of institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Woori Financial Group by 79.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 537,402 shares of the bank’s stock worth $19,201,000 after acquiring an additional 238,131 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Woori Financial Group during the 3rd quarter worth $60,000. Jane Street Group LLC acquired a new stake in shares of Woori Financial Group during the 3rd quarter worth $226,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Woori Financial Group during the 3rd quarter worth $1,238,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Woori Financial Group by 38.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 42,599 shares of the bank’s stock worth $1,522,000 after buying an additional 11,742 shares during the last quarter. Hedge funds and other institutional investors own 3.41% of the company’s stock.

Woori Financial Group Stock Performance

WF traded down $1.56 during trading on Friday, reaching $33.92. The company’s stock had a trading volume of 60,761 shares, compared to its average volume of 60,827. Woori Financial Group has a 52-week low of $28.49 and a 52-week high of $38.05. The company’s fifty day moving average price is $33.00 and its 200-day moving average price is $34.46. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 4.41, a price-to-earnings-growth ratio of 0.77 and a beta of 1.07. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.09.

About Woori Financial Group

Woori Financial Group Inc, a financial holding company, operates as a commercial bank that provides a range of financial products and services to individuals, corporations, and small- and medium-sized enterprises in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments.