Short-term stake in Woori Financial Group Inc. (NYSE:WF) drops 27.8%

Woori Financial Group Inc. (NYSE:WF – Get 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

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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.

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