Short Interest in Mizuho Financial Group, Inc. (NYSE:MFG) Decreases By 72.6%

Mizuho Financial Group, Inc. (NYSE:MFG) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 2,450,000 shares, a drop of 72.6% from the September 30th total of 8,930,000 shares. Based on an average trading volume of 2,080,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.0% of the company’s stock are sold short.

Mizuho Financial Group Stock Down 0.2 %

MFG traded down $0.01 during trading on Friday, reaching $4.09. 435,137 shares of the stock traded hands, compared to its average volume of 1,276,077. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.96 and a quick ratio of 0.96. Mizuho Financial Group has a fifty-two week low of $3.14 and a fifty-two week high of $4.63. The stock’s 50-day simple moving average is $4.15 and its two-hundred day simple moving average is $4.09. The stock has a market cap of $51.83 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 0.69 and a beta of 0.39.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings data on Wednesday, July 31st. The bank reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $15.27 billion during the quarter. Mizuho Financial Group had a net margin of 6.38% and a return on equity of 6.64%. As a group, equities research analysts expect that Mizuho Financial Group will post 0.44 EPS for the current year.

Hedge Funds Weigh In On Mizuho Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MFG. Werba Rubin Papier Wealth Management raised its holdings in Mizuho Financial Group by 5.4% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 46,494 shares of the bank’s stock worth $194,000 after acquiring an additional 2,366 shares during the period. Traveka Wealth LLC increased its position in Mizuho Financial Group by 22.8% during the second quarter. Traveka Wealth LLC now owns 12,793 shares of the bank’s stock worth $54,000 after acquiring an additional 2,373 shares during the period. Wedmont Private Capital boosted its holdings in Mizuho Financial Group by 10.8% in the 3rd quarter. Wedmont Private Capital now owns 25,038 shares of the bank’s stock valued at $107,000 after purchasing an additional 2,432 shares during the period. PFW Advisors LLC grew its position in Mizuho Financial Group by 25.4% in the 2nd quarter. PFW Advisors LLC now owns 13,241 shares of the bank’s stock worth $56,000 after purchasing an additional 2,680 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Mizuho Financial Group by 26.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,896 shares of the bank’s stock valued at $51,000 after buying an additional 2,712 shares during the last quarter. Institutional investors and hedge funds own 3.26% of the company’s stock.

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.