Shinhan Financial Group Co., Ltd. (NYSE:SHG) Short Interest Update

Shinhan Financial Group Co., Ltd. (NYSE:SHG - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 470,700 shares, a decline of 35.4% from the February 28th total of 728,800 shares. Based on an average daily trading volume, of 262,400 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.1% of the company's shares are short sold.

Shinhan Financial Group Trading Up 1.5 %

Shares of NYSE SHG traded up $0.49 during trading on Tuesday, reaching $32.57. The company had a trading volume of 183,777 shares, compared to its average volume of 166,634. Shinhan Financial Group has a 12 month low of $29.25 and a 12 month high of $46.05. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The stock has a market cap of $16.39 billion, a P/E ratio of 5.11, a PEG ratio of 0.44 and a beta of 0.89. The company's fifty day moving average price is $33.36 and its 200-day moving average price is $36.61.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its earnings results on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The business had revenue of $2.82 billion for the quarter. As a group, research analysts expect that Shinhan Financial Group will post 5.97 earnings per share for the current year.

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Institutional Investors Weigh In On Shinhan Financial Group

Several large investors have recently modified their holdings of SHG. Sierra Ocean LLC acquired a new stake in Shinhan Financial Group during the 4th quarter worth about $43,000. R Squared Ltd bought a new stake in shares of Shinhan Financial Group during the 4th quarter valued at about $76,000. Tower Research Capital LLC TRC grew its stake in Shinhan Financial Group by 1,884.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank's stock worth $95,000 after purchasing an additional 2,751 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Shinhan Financial Group during the fourth quarter worth approximately $125,000. Finally, Sterling Capital Management LLC lifted its stake in Shinhan Financial Group by 8.1% in the fourth quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock valued at $183,000 after buying an additional 415 shares during the period. 7.76% of the stock is currently owned by institutional investors and hedge funds.

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.