Mizuho Financial Group, Inc. (NYSE:MFG) Short Interest Up 53.5% in March

Mizuho Financial Group, Inc. (NYSE:MFG) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 1,950,000 shares, a growth of 53.5% from the February 28th total of 1,270,000 shares. Based on an average trading volume of 1,390,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.0% of the shares of the stock are short sold.

Mizuho Financial Group Price Performance

NYSE MFG traded down $0.21 on Friday, hitting $5.68. 1,463,008 shares of the company were exchanged, compared to its average volume of 1,352,377. Mizuho Financial Group has a 1-year low of $3.45 and a 1-year high of $6.08. The firm has a 50 day moving average of $5.61 and a two-hundred day moving average of $4.95. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. The company has a market cap of $71.92 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.76 and a beta of 0.39.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. On average, equities analysts predict that Mizuho Financial Group will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC lifted its stake in shares of Mizuho Financial Group by 54.7% during the fourth quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank’s stock valued at $115,201,000 after acquiring an additional 8,329,657 shares during the period. Northern Trust Corp raised its holdings in Mizuho Financial Group by 86.1% during the 4th quarter. Northern Trust Corp now owns 9,743,983 shares of the bank’s stock worth $47,648,000 after purchasing an additional 4,508,649 shares during the last quarter. FMR LLC lifted its position in Mizuho Financial Group by 31.0% during the 3rd quarter. FMR LLC now owns 17,622,960 shares of the bank’s stock valued at $73,664,000 after purchasing an additional 4,167,234 shares during the period. Bank of America Corp DE boosted its stake in shares of Mizuho Financial Group by 18.0% in the 4th quarter. Bank of America Corp DE now owns 16,121,663 shares of the bank’s stock valued at $78,835,000 after purchasing an additional 2,454,233 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Mizuho Financial Group during the 4th quarter worth approximately $5,951,000. 3.26% of the stock is currently owned by institutional investors.

Mizuho Financial Group Company Profile

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 Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, Asset Management Company, and Others segments.