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

Mizuho Financial Group, Inc. (NYSE:MFG) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,940,000 shares, a drop of 17.8% from the November 15th total of 2,360,000 shares. Based on an average daily trading volume, of 2,140,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are sold short.

Mizuho Financial Group Stock Performance

NYSE MFG traded down $0.04 during midday trading on Friday, hitting $5.02. The company had a trading volume of 642,828 shares, compared to its average volume of 1,267,574. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.15. The stock has a market cap of $63.62 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 0.90 and a beta of 0.44. The firm has a fifty day simple moving average of $4.60 and a two-hundred day simple moving average of $4.30. Mizuho Financial Group has a fifty-two week low of $3.27 and a fifty-two week high of $5.31.

Institutional Trading of Mizuho Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Natixis Advisors LLC grew its position in Mizuho Financial Group by 351.2% in the 3rd quarter. Natixis Advisors LLC now owns 3,355,910 shares of the bank’s stock worth $14,028,000 after purchasing an additional 2,612,204 shares during the last quarter. Verdence Capital Advisors LLC acquired a new stake in Mizuho Financial Group in the 3rd quarter worth $862,000. Zions Bancorporation N.A. grew its position in Mizuho Financial Group by 3,594.0% in the 3rd quarter. Zions Bancorporation N.A. now owns 157,252 shares of the bank’s stock worth $657,000 after purchasing an additional 152,995 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Mizuho Financial Group by 28.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 89,213 shares of the bank’s stock worth $373,000 after purchasing an additional 19,818 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Mizuho Financial Group by 143.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 94,988 shares of the bank’s stock valued at $397,000 after acquiring an additional 56,000 shares in the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

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.