Today’s Stock On Watch: Shinhan Financial Group Company Limited (NYSE:SHG) Shorted Shares Decreased By 9.89%

November 16, 2016 - By Darrin Black   ·   0 Comments

Today's Stock On Watch: Shinhan Financial Group Company Limited (NYSE:SHG) Shorted Shares Decreased By 9.89%

The stock of Shinhan Financial Group Company Limited (NYSE:SHG) registered a decrease of 9.89% in short interest. SHG’s total short interest was 170,300 shares in November as published by FINRA. Its down 9.89% from 189,000 shares, reported previously. With 44,500 shares average volume, it will take short sellers 4 days to cover their SHG’s short positions. The short interest to Shinhan Financial Group Company Limited’s float is 0.04%. The stock increased 0.36% or $0.14 on November 15, hitting $38.71. Shinhan Financial Group Co., Ltd. (ADR) (NYSE:SHG) has risen 4.88% since April 14, 2016 and is uptrending. It has outperformed by 0.19% the S&P500.

Shinhan Financial Group Co., Ltd. is a financial holding company. The company has a market cap of $18.32 billion. The Firm operates through five divisions: commercial banking services, which are provided by Shinhan Bank Co., Ltd. (Shinhan Bank); credit card services, which are provided by Shinhan Card Co., Ltd. (Shinhan Card); securities brokerage services, which are provided by Shinhan Investment Corp. (Shinhan Investment); life insurance services, which are provided by Shinhan Life Insurance Co., Ltd. (Shinhan Life Insurance), and other. It has a 8.75 P/E ratio. The Company’s other services include leasing and equipment financing, regional banking services, savings banking services, loan collection and credit reporting, collective investment administrative services and financial system development services, as well as engaging in private equity investments through formation of private equity funds on a private placement basis.

SHG Company Profile

Shinhan Financial Group Co., Ltd. (SFG), incorporated on October 1, 2001, is a financial holding company. The Firm operates through five divisions: commercial banking services, which are provided by Shinhan Bank Co., Ltd. (Shinhan Bank); credit card services, which are provided by Shinhan Card Co., Ltd. (Shinhan Card); securities brokerage services, which are provided by Shinhan Investment Corp. (Shinhan Investment); life insurance services, which are provided by Shinhan Life Insurance Co., Ltd. (Shinhan Life Insurance), and other. The Company’s other services include leasing and equipment financing, regional banking services, savings banking services, loan collection and credit reporting, collective investment administrative services and financial system development services, as well as engaging in private equity investments through formation of private equity funds on a private placement basis. It also offers asset management services, including brokerage and trading of various securities, related margin lending, deposit and trust services, and other asset management services.

Another recent and important Shinhan Financial Group Co., Ltd. (ADR) (NYSE:SHG) news was published by Equitiesfocus.com which published an article titled: “Shinhan Financial Group Co Ltd (NYSE:SHG) Quarterly EPS From Continuing …” on November 14, 2016.

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By Darrin Black


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