Woori Financial Group Inc. Sees Notable Short Interest Increase

Woori Financial Group Inc. (NYSE:WF) experienced a substantial rise in short interest during October. According to reports, as of October 15th, the total short interest rose to 77,600 shares, marking an increase of 58.4% from the previous total of 49,000 shares recorded on September 30th. With an average daily trading volume of 71,700 shares, this translates to a short-interest ratio of approximately 1.1 days.

Recent Performance of Woori Financial Group

On a recent trading day, WF stock saw a rise of $0.57, bringing its price to $36.79. Approximately 48,134 shares were traded, slightly under its average trading volume of 58,362 shares. Financial indicators for the company include a current ratio and quick ratio of 0.12, along with a debt-to-equity ratio of 0.86. Woori Financial Group holds a market capitalization of $9.11 billion and boasts a price-to-earnings ratio of 5.16. The company's price-to-earnings growth (P/E/G) ratio is noted at 0.43. Over the past year, the stock has seen a low of $26.16 and a high of $38.05. The fifty-day moving average stands at $36.10, while the two-hundred-day moving average is at $33.37.

Earnings Overview and Forecast

Woori Financial Group recently released its quarterly earnings data, revealing a reported earnings per share (EPS) of $2.53 for the quarter that ended August 14th. This figure surpassed the consensus estimate of $2.18 by $0.35. The company's revenue during this quarter totaled $2.06 billion. Additionally, Woori Financial Group showed a return on equity of 7.86% and a net profit margin of 11.48%. Analysts predict that the company will report an EPS of 8.21 for the current fiscal year.

Trends in Institutional Investments

In recent months, various institutional investors and hedge funds have adjusted their holdings in Woori Financial Group. Ballentine Partners LLC increased its stake by 14.4% during the third quarter, now holding 29,797 shares worth around $1,065,000 after acquiring 3,744 additional shares. Similarly, Signaturefd LLC raised its stake by 1.5%, bringing its total to 44,110 shares valued at $1,576,000 following an increase of 653 shares. New investment activity included Blue Trust Inc., which grew its investment by 232.8%, now owning 36,131 shares valued at approximately $1,291,000. Overall, institutional investors and hedge funds own about 17.79% of the company's stock.

About Woori Financial Group

Woori Financial Group Inc. operates as a financial holding company, providing a wide range of financial services and products. These services target various customer segments, including individuals, corporations, and small to medium-sized enterprises in Korea. The company operates through various segments such as Banking, Credit Card, Capital, Investment Banking, and others.

Woori, Financial, Stock