Woori Financial Group Inc. (NYSE:WF) Sees Significant Increase in Short Interest

Woori Financial Group Inc. (NYSE:WF) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 119,800 shares, a growth of 24.7% from the August 31st total of 96,100 shares. Based on an average daily trading volume, of 72,900 shares, the short-interest ratio is presently 1.6 days.

Woori Financial Group Stock Down 1.9 %

WF stock traded down $0.73 during mid-day trading on Friday, reaching $36.71. 58,393 shares of the company traded hands, compared to its average volume of 58,233. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.86. The firm’s 50 day moving average price is $35.07 and its 200 day moving average price is $33.01. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 5.15, a P/E/G ratio of 0.43 and a beta of 1.05. Woori Financial Group has a fifty-two week low of $26.13 and a fifty-two week high of $38.05.

Woori Financial Group (NYSE:WF) last announced its earnings results on Wednesday, August 14th. The bank reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.35. The company had revenue of $2.06 billion for the quarter. Woori Financial Group had a return on equity of 7.86% and a net margin of 11.48%. As a group, equities research analysts predict that Woori Financial Group will post 8.21 EPS for the current fiscal year.

Institutional Trading of Woori Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Lindbrook Capital LLC lifted its holdings in Woori Financial Group by 6.4% during the first quarter. Lindbrook Capital LLC now owns 5,889 shares of the bank’s stock worth $191,000 after acquiring an additional 354 shares during the period. PDS Planning Inc increased its holdings in Woori Financial Group by 3.5% during the first quarter. PDS Planning Inc now owns 11,977 shares of the bank’s stock worth $388,000 after buying an additional 403 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Woori Financial Group by 2.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 17,336 shares of the bank’s stock worth $524,000 after acquiring an additional 415 shares during the period. QRG Capital Management Inc. boosted its stake in Woori Financial Group by 4.6% in the second quarter. QRG Capital Management Inc. now owns 12,585 shares of the bank’s stock valued at $403,000 after acquiring an additional 556 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Woori Financial Group by 7.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 9,609 shares of the bank’s stock valued at $339,000 after acquiring an additional 666 shares during the period. Hedge funds and other institutional investors own 17.79% of the company’s stock.

About Woori Financial Group

Woori Financial Group Inc, a financial holding company, operates as a commercial bank that provides a range of financial products and services to individuals, corporations, and small- and medium-sized enterprises in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments.