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

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

Institutional Trading of Mizuho Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. raised its position in Mizuho Financial Group by 6.7% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 34,890 shares of the bank’s stock worth $171,000 after purchasing an additional 2,188 shares in the last quarter. Forum Financial Management LP raised its holdings in shares of Mizuho Financial Group by 33.3% in the 4th quarter. Forum Financial Management LP now owns 364,094 shares of the bank’s stock worth $1,780,000 after buying an additional 90,960 shares in the last quarter. BIP Alliance LLC bought a new position in shares of Mizuho Financial Group during the 4th quarter worth approximately $51,000. Vise Technologies Inc. grew its position in Mizuho Financial Group by 139.2% in the fourth quarter. Vise Technologies Inc. now owns 150,993 shares of the bank’s stock valued at $738,000 after acquiring an additional 87,871 shares during the period. Finally, Focus Partners Advisor Solutions LLC acquired a new position in Mizuho Financial Group during the fourth quarter worth $64,000. 3.26% of the stock is currently owned by institutional investors.

Mizuho Financial Group Stock Performance

NYSE MFG traded down $0.21 during trading on Friday, hitting $5.68. The company’s stock had a trading volume of 1,463,008 shares, compared to its average volume of 1,352,377. Mizuho Financial Group has a 52 week low of $3.45 and a 52 week high of $6.08. The firm has a market cap of $71.92 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 0.76 and a beta of 0.39. The firm has a 50 day moving average price of $5.61 and a 200 day moving average price of $4.95. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.39.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings data on Monday, February 3rd. The bank reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. Equities research analysts forecast that Mizuho Financial Group will post 0.42 earnings per share for the current fiscal year.

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.