Woori Financial Group Inc. (NYSE:WF) Sees Large Decrease in Short Interest

Woori Financial Group Inc. (NYSE:WF) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 21,000 shares, a decrease of 42.1% from the January 31st total of 36,300 shares. Based on an average daily volume of 61,600 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Woori Financial Group

Several large investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Woori Financial Group by 79.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 537,402 shares of the bank’s stock worth $19,201,000 after purchasing an additional 238,131 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Woori Financial Group in the third quarter worth about $60,000. Jane Street Group LLC bought a new position in Woori Financial Group in the 3rd quarter valued at about $226,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Woori Financial Group in the 3rd quarter valued at about $1,238,000. Finally, BNP Paribas Financial Markets increased its stake in Woori Financial Group by 38.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 42,599 shares of the bank’s stock valued at $1,522,000 after buying an additional 11,742 shares during the period. 3.41% of the stock is currently owned by institutional investors and hedge funds.

Woori Financial Group Stock Performance

Shares of NYSE:WF traded down $0.67 during trading hours on Tuesday, hitting $33.60. The stock had a trading volume of 45,484 shares, compared to its average volume of 61,659. The stock’s fifty day simple moving average is $33.05 and its 200 day simple moving average is $34.46. The firm has a market capitalization of $8.32 billion, a price-to-earnings ratio of 4.37, a PEG ratio of 0.77 and a beta of 1.07. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.09. Woori Financial Group has a 1-year low of $28.49 and a 1-year high of $38.05.

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.