Shinhan Financial Group Co Ltd (NYSE:SHG) Short Interest Up 19.5% in January

Shinhan Financial Group Co Ltd (NYSE:SHG) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 319,209 shares, a growth of 19.5% from the January 15th total of 267,012 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 312,850 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 312,850 shares, the short-interest ratio is presently 1.0 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Shinhan Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in Shinhan Financial Group by 16.5% during the 2nd quarter. American Century Companies Inc. now owns 979,011 shares of the bank’s stock worth $44,232,000 after purchasing an additional 138,779 shares in the last quarter. Virtus Family Office LLC purchased a new position in shares of Shinhan Financial Group in the 3rd quarter valued at about $4,507,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Shinhan Financial Group in the 2nd quarter valued at about $1,138,000. Creative Planning grew its position in shares of Shinhan Financial Group by 70.3% during the second quarter. Creative Planning now owns 162,873 shares of the bank’s stock worth $7,359,000 after buying an additional 67,223 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Shinhan Financial Group by 10.2% during the second quarter. Envestnet Asset Management Inc. now owns 217,835 shares of the bank’s stock worth $9,842,000 after buying an additional 20,126 shares during the period. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Zacks Research raised Shinhan Financial Group from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Shinhan Financial Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Shinhan Financial Group Trading Up 0.9%

NYSE:SHG traded up $0.63 on Wednesday, reaching $69.87. 184,902 shares of the company’s stock were exchanged, compared to its average volume of 259,623. The firm has a market capitalization of $33.92 billion, a price-to-earnings ratio of 6.80, a price-to-earnings-growth ratio of 0.57 and a beta of 1.00. Shinhan Financial Group has a 52-week low of $28.76 and a 52-week high of $73.40. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.51. The business has a fifty day moving average of $57.26 and a 200-day moving average of $53.13.

About Shinhan Financial Group

Shinhan Financial Group is a South Korea–based financial holding company headquartered in Seoul. Established in 2001 as a banking and financial services group, it brings together a range of financial subsidiaries operating under the Shinhan brand, including commercial banking, card services, life insurance, securities and asset management businesses. The group serves both retail and corporate clients and is one of the leading diversified financial institutions in Korea.

The company’s principal activities span retail and corporate banking, credit card issuance and payment services, life insurance and related protection products, brokerage and investment banking, and asset and wealth management.