Woori Financial Group Inc. Sees Notable Surge in Short Interest

Woori Financial Group Inc. (NYSE:WF) experienced a notable increase in short interest during the month of October. As of October 15th, short interest reached 77,600 shares, marking a significant rise of 58.4% compared to the 49,000 shares reported at the end of September. Given the average daily trading volume of 71,700 shares, the current short-interest ratio stands at 1.1 days.

Woori Financial Group Price Performance

On Friday, WF stock increased by $0.57, reaching a price of $36.79. The trading volume for the day was 48,134 shares, which is lower than the average volume of 58,362 shares. The company’s current financial ratios include a current ratio of 0.12, a quick ratio of 0.12, and a debt-to-equity ratio of 0.86. Woori Financial Group boasts a market capitalization of $9.11 billion, with a price-to-earnings ratio of 5.16 and a P/E/G ratio of 0.43. Additionally, the stock has a beta value of 1.05 and ranges between a one-year low of $26.16 and a high of $38.05. The fifty-day moving average is $36.10 and the two-hundred-day average is $33.37.

Recent Earnings Report

The latest quarterly earnings report for Woori Financial Group was released on August 14th. The company reported earnings per share (EPS) of $2.53, surpassing the consensus estimate of $2.18 by $0.35. Total revenue for the quarter stood at $2.06 billion, with a return on equity of 7.86% and a net margin of 11.48%. Analysts predict that Woori Financial Group will record an EPS of 8.21 for the current fiscal year.

Institutional Trading Activity

In terms of institutional trading, various investors and hedge funds have recently adjusted their positions in Woori Financial Group. Ballentine Partners LLC raised its holdings by 14.4% during the third quarter, now possessing 29,797 shares valued at $1,065,000 after acquiring an additional 3,744 shares. Signaturefd LLC also increased its stake in the bank by 1.5%, bringing its total to 44,110 shares worth $1,576,000 after adding 653 shares. Allspring Global Investments Holdings LLC made a new investment during the third quarter, valued at $60,000. Blue Trust Inc. significantly expanded its holdings by 232.8%, now holding 36,131 shares valued at $1,291,000 after purchasing 25,275 shares. Lastly, Creative Planning increased its stake by 29.4%, owning 155,822 shares worth $5,568,000 after acquiring an additional 35,442 shares. Overall, institutional investors and hedge funds own 17.79% of Woori Financial Group's stock.

Company Profile

Woori Financial Group Inc. operates as a financial holding company and serves as a commercial bank, offering a variety of financial products and services for individuals, corporations, and small to medium-sized enterprises in Korea. Its operations include several segments such as Banking, Credit Card, Capital, Investment Banking, and Others.

Conclusion

This recent rise in short interest alongside ongoing institutional trading adds an intriguing aspect to Woori Financial Group's market activity. Investors may want to stay updated on further developments regarding the company's performance and stock movements going forward.

Woori, Finance, Stocks