Mizuho Financial Group, Inc. (NYSE:MFG) Short Interest Up 23.4% in July

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

Hedge Funds Weigh In On Mizuho Financial Group

Hedge funds have recently modified their holdings of the stock. Riversedge Advisors LLC acquired a new stake in Mizuho Financial Group in the second quarter valued at $46,000. Checchi Capital Advisers LLC raised its holdings in Mizuho Financial Group by 13.5% in the 2nd quarter. Checchi Capital Advisers LLC now owns 58,335 shares of the bank’s stock valued at $247,000 after acquiring an additional 6,940 shares in the last quarter. Atomi Financial Group Inc. lifted its position in Mizuho Financial Group by 32.3% during the second quarter. Atomi Financial Group Inc. now owns 110,937 shares of the bank’s stock worth $469,000 after purchasing an additional 27,058 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Mizuho Financial Group by 148.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 69,395 shares of the bank’s stock worth $294,000 after buying an additional 41,413 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Mizuho Financial Group by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 504,182 shares of the bank’s stock valued at $2,133,000 after buying an additional 24,016 shares in the last quarter. Institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Price Performance

MFG traded up $0.02 during trading on Friday, hitting $4.29. The company’s stock had a trading volume of 717,552 shares, compared to its average volume of 513,243. Mizuho Financial Group has a 12 month low of $3.09 and a 12 month high of $4.50. The stock has a market capitalization of $54.37 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 0.81 and a beta of 0.39. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.56. The firm’s 50 day moving average price is $4.15 and its two-hundred day moving average price is $3.93.

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