Mizuho Financial Group, Inc. (NYSE:MFG) Sees Large Growth in Short Interest

Mizuho Financial Group, Inc. (NYSE:MFG) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 4,380,000 shares, a growth of 23.4% from the June 30th total of 3,550,000 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 694,200 shares, the short-interest ratio is presently 6.3 days.

Institutional Trading of Mizuho Financial Group

Several institutional investors and hedge funds have recently bought and sold shares of MFG. Tower Research Capital LLC TRC bought a new stake in Mizuho Financial Group in the fourth quarter valued at approximately $25,000. Russell Investments Group Ltd. raised its stake in Mizuho Financial Group by 144.3% in the fourth quarter. Russell Investments Group Ltd. now owns 10,308 shares of the bank’s stock valued at $35,000 after buying an additional 6,088 shares during the period. Summit Trail Advisors LLC bought a new position in shares of Mizuho Financial Group during the fourth quarter worth approximately $36,000. Sunpointe LLC bought a new position in shares of Mizuho Financial Group during the fourth quarter worth approximately $41,000. Finally, Perigon Wealth Management LLC bought a new position in shares of Mizuho Financial Group during the first quarter worth approximately $41,000. Institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Stock Down 0.7 %

NYSE MFG traded down $0.03 during trading hours on Tuesday, hitting $4.29. 76,929 shares of the company traded hands, compared to its average volume of 900,038. The business’s 50-day moving average is $4.16 and its 200-day moving average is $3.94. Mizuho Financial Group has a twelve month low of $3.09 and a twelve month high of $4.50. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $54.37 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 0.81 and a beta of 0.39.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings data on Wednesday, May 15th. The bank reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.07). The business had revenue of $17.41 billion during the quarter. Mizuho Financial Group had a net margin of 6.45% and a return on equity of 5.23%. Sell-side analysts anticipate that Mizuho Financial Group will post 0.39 earnings per share for the current year.

About Mizuho Financial Group

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.