Shinhan Financial Group Co., Ltd. (NYSE:SHG) Sees Significant Decrease in Short Interest

Shinhan Financial Group Co., Ltd. (NYSE:SHG - Get Free Report) was the target of a significant decrease in short interest during 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 company's stock are sold short. Based on an average trading volume of 262,400 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Stifel Financial Corp boosted its holdings in Shinhan Financial Group by 121.8% in the third quarter. Stifel Financial Corp now owns 27,782 shares of the bank's stock worth $1,177,000 after purchasing an additional 15,256 shares in the last quarter. AMG National Trust Bank acquired a new position in shares of Shinhan Financial Group during the 4th quarter valued at about $1,009,000. Sanctuary Advisors LLC lifted its holdings in Shinhan Financial Group by 8.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,210 shares of the bank's stock worth $366,000 after purchasing an additional 735 shares during the last quarter. Yousif Capital Management LLC boosted its position in Shinhan Financial Group by 514.6% during the fourth quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank's stock worth $1,551,000 after purchasing an additional 39,500 shares during the period. Finally, Blue Trust Inc. grew its holdings in Shinhan Financial Group by 33.8% during the fourth quarter. Blue Trust Inc. now owns 72,898 shares of the bank's stock valued at $2,397,000 after purchasing an additional 18,402 shares during the last quarter. Institutional investors and hedge funds own 7.76% of the company's stock.

Shinhan Financial Group Stock Up 2.2 %

SHG traded up $0.72 during trading on Wednesday, reaching $33.28. 196,690 shares of the stock traded hands, compared to its average volume of 166,951. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. Shinhan Financial Group has a fifty-two week low of $29.25 and a fifty-two week high of $46.05. The stock's 50-day simple moving average is $33.36 and its two-hundred day simple moving average is $36.61. The stock has a market cap of $16.75 billion, a price-to-earnings ratio of 5.22, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. The business 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%. As a group, equities research analysts expect that Shinhan Financial Group will post 5.97 EPS 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.