Mizuho Financial Group, Inc. (NYSE:MFG) Sees Significant Increase in Short Interest

Mizuho Financial Group, Inc. (NYSE:MFGGet Rating) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 2,060,000 shares, a growth of 45.1% from the March 15th total of 1,420,000 shares. Based on an average daily trading volume, of 779,900 shares, the short-interest ratio is currently 2.6 days. Currently, 0.0% of the shares of the stock are sold short.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PDS Planning Inc increased its position in Mizuho Financial Group by 86.9% in the 1st quarter. PDS Planning Inc now owns 31,170 shares of the bank’s stock worth $80,000 after purchasing an additional 14,489 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Mizuho Financial Group by 41.1% in the 1st quarter. Ritholtz Wealth Management now owns 172,532 shares of the bank’s stock valued at $443,000 after buying an additional 50,244 shares in the last quarter. Veriti Management LLC increased its holdings in Mizuho Financial Group by 57.0% in the first quarter. Veriti Management LLC now owns 304,878 shares of the bank’s stock worth $784,000 after buying an additional 110,732 shares during the last quarter. Fulton Bank N.A. bought a new position in Mizuho Financial Group during the first quarter valued at approximately $34,000. Finally, Evergreen Capital Management LLC bought a new position in shares of Mizuho Financial Group during the 4th quarter valued at $76,000. 1.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on MFG. StockNews.com began coverage on Mizuho Financial Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Bank of America upgraded Mizuho Financial Group from a “neutral” rating to a “buy” rating in a report on Monday, April 11th. Finally, Zacks Investment Research cut shares of Mizuho Financial Group from a “hold” rating to a “sell” rating in a report on Saturday.

Shares of MFG stock traded up $0.03 on Monday, reaching $2.49. 130,493 shares of the company’s stock traded hands, compared to its average volume of 807,483. The company has a market capitalization of $31.57 billion, a P/E ratio of 5.72, a price-to-earnings-growth ratio of 0.76 and a beta of 0.52. Mizuho Financial Group has a 12-month low of $2.33 and a 12-month high of $3.21. The business’s 50 day moving average price is $2.69 and its two-hundred day moving average price is $2.68.

Mizuho Financial Group (NYSE:MFGGet Rating) last released its earnings results on Wednesday, February 2nd. The bank reported $0.05 earnings per share for the quarter. The company had revenue of $6.74 billion for the quarter. Mizuho Financial Group had a return on equity of 5.15% and a net margin of 18.32%. On average, equities research analysts expect that Mizuho Financial Group will post 0.34 EPS for the current year.

Mizuho Financial Group Company Profile (Get Rating)

Mizuho Financial Group, Inc, together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally. It operates through five segments: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company.

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