Shinhan Financial Group Co Ltd (NYSE:SHG) Short Interest Up 109.4% in December

Shinhan Financial Group Co Ltd (NYSE:SHG) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 249,837 shares, an increase of 109.4% from the November 30th total of 119,313 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 169,458 shares, the short-interest ratio is currently 1.5 days. Based on an average daily trading volume, of 169,458 shares, the short-interest ratio is currently 1.5 days. Currently, 0.1% of the shares of the stock are sold short.

Shinhan Financial Group Trading Down 0.3%

NYSE SHG traded down $0.18 during trading hours on Friday, hitting $53.97. 127,201 shares of the company’s stock were exchanged, compared to its average volume of 158,673. The business’s 50 day moving average is $53.31 and its 200-day moving average is $50.02. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.03 and a current ratio of 1.03. Shinhan Financial Group has a 12-month low of $28.76 and a 12-month high of $56.13. The firm has a market capitalization of $26.20 billion, a P/E ratio of 5.25, a price-to-earnings-growth ratio of 0.60 and a beta of 1.01.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings data on Friday, November 14th. The bank reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.08. Shinhan Financial Group had a net margin of 22.38% and a return on equity of 12.45%. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $3.79 billion. As a group, analysts anticipate that Shinhan Financial Group will post 5.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on SHG. Zacks Research downgraded shares of Shinhan Financial Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Shinhan Financial Group in a research note on Monday. Finally, Wall Street Zen downgraded Shinhan Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Shinhan Financial Group currently has an average rating of “Hold”.

Institutional Trading of Shinhan Financial Group

Several institutional investors have recently made changes to their positions in the stock. Investment Research Partners LLC purchased a new position in shares of Shinhan Financial Group in the 3rd quarter worth $757,000. Coldstream Capital Management Inc. acquired a new stake in Shinhan Financial Group during the third quarter worth about $359,000. NewEdge Advisors LLC raised its holdings in shares of Shinhan Financial Group by 17.5% in the 3rd quarter. NewEdge Advisors LLC now owns 14,229 shares of the bank’s stock worth $717,000 after purchasing an additional 2,123 shares during the period. United Capital Financial Advisors LLC raised its holdings in shares of Shinhan Financial Group by 3.6% in the 3rd quarter. United Capital Financial Advisors LLC now owns 8,338 shares of the bank’s stock worth $420,000 after purchasing an additional 293 shares during the period. Finally, Voleon Capital Management LP acquired a new position in shares of Shinhan Financial Group in the 3rd quarter valued at about $2,961,000. 7.76% of the stock is owned by hedge funds and other institutional investors.

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.