Short Interest in Woori Financial Group Inc. (NYSE:WF) Declines By 20.1%

Woori Financial Group Inc. (NYSE:WF) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 35,000 shares, a decline of 20.1% from the November 15th total of 43,800 shares. Based on an average daily volume of 69,100 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Woori Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Woori Financial Group by 79.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 537,402 shares of the bank’s stock valued at $19,201,000 after buying an additional 238,131 shares during the period. Meritage Portfolio Management raised its holdings in shares of Woori Financial Group by 17.1% in the 3rd quarter. Meritage Portfolio Management now owns 170,316 shares of the bank’s stock valued at $6,085,000 after acquiring an additional 24,845 shares in the last quarter. Creative Planning boosted its position in shares of Woori Financial Group by 29.4% during the 3rd quarter. Creative Planning now owns 155,822 shares of the bank’s stock valued at $5,568,000 after acquiring an additional 35,442 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Woori Financial Group by 78.3% during the second quarter. Acadian Asset Management LLC now owns 94,538 shares of the bank’s stock worth $3,026,000 after purchasing an additional 41,520 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new position in shares of Woori Financial Group in the third quarter worth approximately $3,046,000. 3.41% of the stock is owned by hedge funds and other institutional investors.

Woori Financial Group Price Performance

WF traded down $0.39 during trading on Monday, reaching $32.61. 53,725 shares of the company were exchanged, compared to its average volume of 59,777. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.87. The company has a market cap of $8.07 billion, a price-to-earnings ratio of 4.29, a P/E/G ratio of 0.34 and a beta of 1.07. Woori Financial Group has a 12-month low of $27.60 and a 12-month high of $38.05. The company’s 50-day moving average is $35.02 and its two-hundred day moving average is $34.19.

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.