Mizuho Financial Group, Inc. (NYSE:MFG – Get Free Report) 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.
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.
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