Woori Bank (NYSE:WF) Sees Significant Decrease in Short Interest

Woori Bank (NYSE:WFGet Free Report) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 244,375 shares, a drop of 32.2% from the June 30th total of 360,329 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 199,732 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

Several research firms have recently issued reports on WF. Wall Street Zen downgraded shares of Woori Bank from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings cut shares of Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Finally, Zacks Research upgraded Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Woori Bank has an average rating of “Moderate Buy”.

Get Our Latest Research Report on Woori Bank

Hedge Funds Weigh In On Woori Bank

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. 55 North Private Wealth LLC acquired a new stake in shares of Woori Bank during the 2nd quarter valued at about $292,000. Foster Group Inc. lifted its stake in Woori Bank by 16.5% during the second quarter. Foster Group Inc. now owns 7,439 shares of the bank’s stock worth $427,000 after purchasing an additional 1,054 shares during the period. Dynamic Advisor Solutions LLC bought a new position in Woori Bank during the second quarter worth about $214,000. Eastern Bank acquired a new stake in Woori Bank during the second quarter valued at approximately $140,000. Finally, Parallel Advisors LLC boosted its holdings in Woori Bank by 17.2% during the first quarter. Parallel Advisors LLC now owns 16,613 shares of the bank’s stock valued at $1,106,000 after purchasing an additional 2,441 shares in the last quarter. 3.41% of the stock is owned by institutional investors.

Woori Bank Stock Down 1.9%

Shares of WF stock opened at $68.99 on Friday. Woori Bank has a one year low of $48.83 and a one year high of $84.71. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a fifty day moving average price of $61.89 and a 200 day moving average price of $65.89. The stock has a market cap of $16.74 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 0.67 and a beta of 1.02.

Woori Bank Company Profile

(Get Free Report)

Woori Bank Co, Ltd. (NYSE: WF) is a South Korean commercial bank and the principal banking unit of Woori Financial Group. Established in 2001 through the merger of Hanvit Bank and Peace Bank, the institution traces its roots to earlier banking entities that date back to the late 19th and mid-20th centuries. Headquartered in Seoul, Woori Bank operates under a universal banking model, serving both individual customers and corporate clients with a comprehensive suite of financial products and services.

The bank’s core operations encompass retail banking, corporate and investment banking, treasury services, and wealth management.

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