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

Shinhan Financial Group Co., Ltd. (NYSE:SHG) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 728,800 shares, a drop 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 currently 2.8 days. Approximately 0.2% of the shares of the company are short sold.

Shinhan Financial Group Stock Performance

SHG stock traded up $0.48 during trading on Wednesday, hitting $32.82. 353,862 shares of the company traded hands, compared to its average volume of 159,773. The stock’s 50-day simple moving average is $33.70 and its 200 day simple moving average is $37.22. 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 company has a market cap of $16.52 billion, a PE ratio of 5.15, a P/E/G 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 announced its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. The company had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. On average, equities analysts expect that Shinhan Financial Group will post 5.97 earnings per share for the current fiscal year.

Institutional Trading of Shinhan Financial Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its position in shares of Shinhan Financial Group by 5.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,321 shares of the bank’s stock valued at $274,000 after buying an additional 442 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Shinhan Financial Group by 16.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 61,024 shares of the bank’s stock valued at $2,006,000 after buying an additional 8,646 shares in the last quarter. Vise Technologies Inc. increased its position in shares of Shinhan Financial Group by 132.7% during the fourth quarter. Vise Technologies Inc. now owns 19,046 shares of the bank’s stock worth $626,000 after purchasing an additional 10,861 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Shinhan Financial Group during the fourth quarter worth approximately $2,991,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Shinhan Financial Group during the fourth quarter worth approximately $296,000. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

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.