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

Shinhan Financial Group Co., Ltd. (NYSE:SHG) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 470,700 shares, a decrease of 35.4% from the February 28th total of 728,800 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 262,400 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SHG. Sierra Ocean LLC purchased a new stake in shares of Shinhan Financial Group during the fourth quarter worth $43,000. R Squared Ltd purchased a new stake in Shinhan Financial Group during the 4th quarter valued at about $76,000. Tower Research Capital LLC TRC grew its stake in Shinhan Financial Group by 1,884.2% during the 4th 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. acquired a new stake in Shinhan Financial Group in the 4th quarter valued at about $125,000. Finally, Sterling Capital Management LLC lifted its stake in Shinhan Financial Group by 8.1% in the 4th quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank’s stock worth $183,000 after purchasing an additional 415 shares in the last quarter. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Price Performance

Shares of NYSE SHG traded down $0.96 during trading on Friday, hitting $31.83. The company had a trading volume of 211,132 shares, compared to its average volume of 165,997. The firm has a market capitalization of $16.02 billion, a price-to-earnings ratio of 5.00, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. The stock has a fifty day simple moving average of $33.47 and a two-hundred day simple moving average of $36.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group has a fifty-two week low of $29.25 and a fifty-two week high of $46.05.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 EPS 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, research analysts expect that Shinhan Financial Group will post 5.97 earnings per share for the current year.

Shinhan Financial Group Company Profile

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.