Woori Financial Group Inc. (NYSE: WF – Get a rating) was the target of a sharp drop in short-term interest in August. As of August 31, there was short interest totaling 59,000 shares, down 27.8% from the total of 81,700 shares as of August 15. Based on an average daily trading volume of 58,900 shares, the day-to-cover ratio is currently 1.0 day.
Woori Financial Group Price Performance
NYSE WF traded down $0.66 during Friday’s trading, hitting $25.48. 65,975 shares of the stock traded in hands, compared to its average volume of 65,017. The company has a market capitalization of $6.18 billion, a P/E ratio of 2.60, a price-to-growth ratio of earnings of 0.16 and a beta of 0.78. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt ratio of 1.06. The company has a 50-day simple moving average of $26.62 and a 200-day simple moving average of $31.97. Woori Financial Group has a 12-month low of $24.28 and a 12-month high of $39.71.
Hedge funds weigh on Woori Financial Group
Institutional investors and hedge funds have recently changed their stock holdings. Glassman Wealth Services increased its holdings in Woori Financial Group by 59.3% during the fourth quarter. Glassman Wealth Services now owns 787 shares of the bank valued at $25,000 after acquiring 293 additional shares during the period. Captrust Financial Advisors bought a new position in Woori Financial Group during Q1 worth $28,000. Credit Suisse AG bought a new position in Woori Financial Group during Q2, valued at $48,000. EverSource Wealth Advisors LLC increased its holdings in Woori Financial Group by 1,461.7% during Q2. EverSource Wealth Advisors LLC now owns 3,139 shares of the bank valued at $89,000 after acquiring 2,938 additional shares during the period. Finally, UBS Group AG increased its stake in Woori Financial Group by 12.8% in the 1st quarter. UBS Group AG now owns 3,156 shares of the bank valued at $119,000 after acquiring an additional 359 shares during the period. Hedge funds and other institutional investors own 1.87% of the company’s shares.
Woori Financial Group Company Profile
Woori Financial Group Inc, together with its subsidiaries, operates as a commercial bank that provides a range of financial services to individuals, businesses and institutional clients in Korea. It operates through Banking, Credit Cards, Capital, Investment Banking and Others segments. The company offers savings, demand and installment deposits; time deposits and certificates of deposit; and working capital, facilities, general purpose household, mortgages and home equity loans.
Recommended Stories
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.
Before you consider Woori Financial Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Woori Financial Group was not on the list.
Although Woori Financial Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here
