Woori Bank (NYSE:WF) Sees Significant Decrease in Short Interest

Woori Bank (NYSE:WF) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 244,375 shares, a decrease of 32.2% from the June 30th total of 360,329 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 199,732 shares, the short-interest ratio is presently 1.2 days.

Woori Bank Stock Performance

NYSE WF opened at $70.21 on Friday. The stock has a market cap of $17.04 billion, a PE ratio of 8.09, a P/E/G ratio of 0.62 and a beta of 1.02. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a 50-day moving average of $61.77 and a 200-day moving average of $65.87. Woori Bank has a 52-week low of $48.83 and a 52-week high of $84.71.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen cut Woori Bank from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Zacks Research raised Woori Bank from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings cut Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Woori Bank presently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Woori Bank

Several hedge funds have recently bought and sold shares of the stock. TD Private Client Wealth LLC increased its stake in shares of Woori Bank by 14.6% during the fourth quarter. TD Private Client Wealth LLC now owns 1,262 shares of the bank’s stock worth $74,000 after purchasing an additional 161 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Woori Bank by 9.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,914 shares of the bank’s stock worth $113,000 after purchasing an additional 166 shares during the last quarter. Bell Investment Advisors Inc boosted its stake in Woori Bank by 34.2% in the 1st quarter. Bell Investment Advisors Inc now owns 675 shares of the bank’s stock valued at $45,000 after purchasing an additional 172 shares during the period. Bessemer Group Inc. boosted its stake in Woori Bank by 68.1% in the 1st quarter. Bessemer Group Inc. now owns 437 shares of the bank’s stock valued at $29,000 after purchasing an additional 177 shares during the period. Finally, Allworth Financial LP grew its holdings in Woori Bank by 12.4% in the 4th quarter. Allworth Financial LP now owns 1,693 shares of the bank’s stock valued at $100,000 after buying an additional 187 shares in the last quarter. 3.41% of the stock is currently owned by institutional investors and hedge funds.

About Woori Bank

Woori Bank Co, Ltd. (NYSE: WF) is a South Korean commercial bank and the principal banking unit of Woori Financial Group. Established in 2001 through the merger of Hanvit Bank and Peace Bank, the institution traces its roots to earlier banking entities that date back to the late 19th and mid-20th centuries. Headquartered in Seoul, Woori Bank operates under a universal banking model, serving both individual customers and corporate clients with a comprehensive suite of financial products and services.

The bank’s core operations encompass retail banking, corporate and investment banking, treasury services, and wealth management.