Woori Financial Group Inc. Sees Significant Increase in Short Interest

Woori Financial Group Inc. (NYSE:WF) has experienced a notable rise in short interest during the month of October. As of October 15th, the total short interest reached 77,600 shares, representing an impressive increase of 58.4% from the previous total of 49,000 shares reported on September 30th. 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 shares increased by $0.57, reaching a price of $36.79. A total of 48,134 shares were traded, which is slightly below the average volume of 58,362 shares. The company has a current ratio of 0.12, a quick ratio of 0.12, and a debt-to-equity ratio of 0.86. With a market capitalization of $9.11 billion, Woori Financial Group's stock has a price-to-earnings ratio of 5.16, a price-to-earnings-to-growth ratio of 0.43, and a beta of 1.05. Over the past year, the stock reached a low of $26.16 and a high of $38.05. Currently, the fifty-day moving average stands at $36.10, while the 200-day moving average is $33.37.

Recent Quarterly Earnings

Woori Financial Group recently reported its quarterly earnings on August 14th. The bank announced earnings per share of $2.53 for the quarter, surpassing analysts' expectations of $2.18 by $0.35. Additionally, the business registered a revenue of $2.06 billion for the same quarter. The return on equity was recorded at 7.86%, and the net margin stood at 11.48%. Analysts project that Woori Financial Group will achieve an earnings per share of 8.21 for the current fiscal year.

Institutional Trading Activity

Several institutional investors and hedge funds have been actively buying and selling shares of Woori Financial Group recently. Ballentine Partners LLC reported a 14.4% increase in its holdings during the third quarter, now owning 29,797 shares valued at $1,065,000 after acquiring an additional 3,744 shares. Signaturefd LLC also raised its position by 1.5%, now holding 44,110 shares worth $1,576,000 after purchasing 653 additional shares. Furthermore, Allspring Global Investments Holdings LLC acquired a new stake valued at $60,000. Blue Trust Inc. significantly grew its stake by 232.8%, bringing its total to 36,131 shares valued at $1,291,000 after buying 25,275 shares during the last quarter. Creative Planning increased its holdings by 29.4%, now owning 155,822 shares valued at $5,568,000. Overall, institutional investors and hedge funds control about 17.79% of the company's stock.

Company Overview

Woori Financial Group Inc. operates as a financial holding company and functions primarily as a commercial bank, providing a diverse range of financial products and services to individual customers, corporations, and small to medium-sized enterprises across Korea. The company operates through various segments including Banking, Credit Card, Capital, Investment Banking, and Others.

Woori, Finance, Stocks