Shinhan Financial Group Co., Ltd. (NYSE:SHG) Short Interest Up 60.0% in December

Shinhan Financial Group Co., Ltd. (NYSE:SHG) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 465,500 shares, a growth of 60.0% from the November 30th total of 291,000 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 169,200 shares, the short-interest ratio is presently 2.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SHG. Caprock Group LLC grew its position in Shinhan Financial Group by 2.1% in the 2nd quarter. Caprock Group LLC now owns 13,785 shares of the bank’s stock valued at $480,000 after acquiring an additional 286 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of Shinhan Financial Group by 3.5% during the second quarter. Profund Advisors LLC now owns 9,537 shares of the bank’s stock valued at $332,000 after purchasing an additional 323 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Shinhan Financial Group by 6.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,224 shares of the bank’s stock worth $251,000 after purchasing an additional 421 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Shinhan Financial Group by 6.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,368 shares of the bank’s stock worth $256,000 after buying an additional 445 shares during the period. Finally, Aaron Wealth Advisors LLC lifted its holdings in Shinhan Financial Group by 8.1% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 7,338 shares of the bank’s stock valued at $311,000 after buying an additional 548 shares in the last quarter. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Down 1.4 %

NYSE SHG opened at $33.18 on Monday. 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 52 week low of $27.09 and a 52 week high of $46.05. The firm has a market capitalization of $16.70 billion, a price-to-earnings ratio of 5.21, a PEG ratio of 0.57 and a beta of 0.92. The company has a fifty day moving average of $37.97 and a two-hundred day moving average of $39.40.

Shinhan Financial Group (NYSE:SHG) last released its earnings results on Friday, October 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.02. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The firm had revenue of $3.11 billion during the quarter. On average, analysts predict that Shinhan Financial Group will post 6.32 earnings per share for the current 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.