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

Shinhan Financial Group Co., Ltd. (NYSE:SHG - Get Free Report) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 465,500 shares, an increase of 60.0% from the November 30th total of 291,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 169,200 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Trading of Shinhan Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pathstone Holdings LLC increased its stake in shares of Shinhan Financial Group by 103.9% during the 3rd quarter. Pathstone Holdings LLC now owns 72,232 shares of the bank's stock worth $3,060,000 after purchasing an additional 36,815 shares during the last quarter. Stifel Financial Corp increased its position in Shinhan Financial Group by 121.8% during the third quarter. Stifel Financial Corp now owns 27,782 shares of the bank's stock worth $1,177,000 after buying an additional 15,256 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Shinhan Financial Group by 191.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 21,032 shares of the bank's stock worth $891,000 after buying an additional 13,808 shares during the last quarter. Creative Planning raised its holdings in Shinhan Financial Group by 21.4% during the third quarter. Creative Planning now owns 121,758 shares of the bank's stock valued at $5,159,000 after buying an additional 21,432 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Shinhan Financial Group by 117.8% in the third quarter. BNP Paribas Financial Markets now owns 27,573 shares of the bank's stock worth $1,168,000 after buying an additional 14,915 shares during the last quarter. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Shinhan Financial Group Trading Down 1.4 %

Shares of SHG traded down $0.48 during midday trading on Friday, hitting $33.18. The stock had a trading volume of 241,403 shares, compared to its average volume of 135,637. Shinhan Financial Group has a fifty-two week low of $27.09 and a fifty-two week high of $46.05. The business has a 50-day simple moving average of $37.97 and a two-hundred day simple moving average of $39.37. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. The firm has a market cap of $16.70 billion, a P/E ratio of 5.21, a price-to-earnings-growth ratio of 0.57 and a beta of 0.92.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last issued its quarterly earnings results on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.02. The business had revenue of $3.11 billion for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. As a group, equities analysts forecast that Shinhan Financial Group will post 6.32 EPS 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.