Shinhan Financial Group Co., Ltd. (NYSE:SHG – Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 791,100 shares, an increase of 30.2% from the September 15th total of 607,400 shares. Based on an average trading volume of 124,100 shares, the days-to-cover ratio is presently 6.4 days. Approximately 0.2% of the company’s shares are sold short.
Shinhan Financial Group Stock Down 3.1 %
Shares of SHG stock traded down $1.33 during mid-day trading on Tuesday, hitting $41.87. The stock had a trading volume of 117,035 shares, compared to its average volume of 128,408. Shinhan Financial Group has a 12-month low of $25.09 and a 12-month high of $46.05. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s 50-day moving average is $42.17 and its two-hundred day moving average is $37.61. The firm has a market capitalization of $21.33 billion, a P/E ratio of 6.75, a price-to-earnings-growth ratio of 0.74 and a beta of 0.92.
Shinhan Financial Group (NYSE:SHG – Get Free Report) last announced its quarterly earnings results on Friday, July 26th. The bank reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.19. The firm had revenue of $3.25 billion during the quarter. Shinhan Financial Group had a net margin of 12.23% and a return on equity of 7.16%. On average, analysts predict that Shinhan Financial Group will post 6.22 earnings per share for the current fiscal year.
Institutional Trading of Shinhan Financial Group
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.
Further Reading
- Five stocks we like better than Shinhan Financial Group
- How to Use the MarketBeat Stock Screener
- Goldman Sachs Earnings Reveal Market Moves Investors Can’t Ignore
- What is a SEC Filing?
- AMD Gains Momentum With AI: Can It Beat Expectations?
- Why Are These Companies Considered Blue Chips?
- Lithium Grab: 2 Lithium Stocks That Could Be Takeover Targets
Receive News & Ratings for Shinhan Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shinhan Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.