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

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

Mizuho Financial Group Trading Down 3.1 %

MFG stock opened at $5.51 on Tuesday. Mizuho Financial Group has a 52 week low of $3.45 and a 52 week high of $6.08. The company has a market capitalization of $69.76 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 0.76 and a beta of 0.39. The company’s 50-day simple moving average is $5.62 and its 200 day simple moving average is $4.96. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.96 and a current ratio of 0.97.

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%. As a group, sell-side analysts anticipate that Mizuho Financial Group will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Mizuho Financial Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC grew its holdings in shares of Mizuho Financial Group by 54.7% during the 4th quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank’s stock worth $115,201,000 after purchasing an additional 8,329,657 shares in the last quarter. Northern Trust Corp grew its stake in Mizuho Financial Group by 86.1% during the fourth quarter. Northern Trust Corp now owns 9,743,983 shares of the bank’s stock worth $47,648,000 after buying an additional 4,508,649 shares in the last quarter. FMR LLC increased its holdings in Mizuho Financial Group by 31.0% in the 3rd quarter. FMR LLC now owns 17,622,960 shares of the bank’s stock valued at $73,664,000 after buying an additional 4,167,234 shares during the period. Bank of America Corp DE raised its position 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 buying an additional 2,454,233 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Mizuho Financial Group during the 4th quarter worth approximately $5,951,000. Institutional investors own 3.26% of the company’s stock.

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.