Short Interest in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Decreases By 12.2%

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totalling 11,800,000 shares, a drop of 12.2% from the April 30th total of 13,440,000 shares. Based on an average daily volume of 9,260,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.1% of the shares of the stock are sold short.

Mitsubishi UFJ Financial Group Price Performance

NYSE:MUFG traded up $0.01 during trading hours on Thursday, hitting $13.78. The company's stock had a trading volume of 4,918,718 shares, compared to its average volume of 4,153,764. Mitsubishi UFJ Financial Group has a twelve month low of $8.75 and a twelve month high of $15.03. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. The company has a market capitalization of $166.34 billion, a P/E ratio of 12.65, a PEG ratio of 1.16 and a beta of 0.39. The stock has a fifty day simple moving average of $12.63 and a 200-day simple moving average of $12.54.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.10. The company had revenue of $22.91 billion for the quarter, compared to analyst estimates of $6.47 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, analysts anticipate that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Friday, May 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Mitsubishi UFJ Financial Group in the fourth quarter valued at approximately $194,000. DAVENPORT & Co LLC lifted its stake in Mitsubishi UFJ Financial Group by 1.7% in the fourth quarter. DAVENPORT & Co LLC now owns 88,754 shares of the company's stock valued at $1,040,000 after buying an additional 1,484 shares during the period. Catalina Capital Group LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 8.2% during the 4th quarter. Catalina Capital Group LLC now owns 19,748 shares of the company's stock valued at $231,000 after acquiring an additional 1,496 shares during the period. Optas LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 14.2% during the 4th quarter. Optas LLC now owns 32,595 shares of the company's stock valued at $382,000 after acquiring an additional 4,059 shares during the period. Finally, Alliance Wealth Advisors LLC UT lifted its position in shares of Mitsubishi UFJ Financial Group by 14.0% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 12,292 shares of the company's stock valued at $144,000 after acquiring an additional 1,510 shares during the period. 13.59% of the stock is owned by institutional investors and hedge funds.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.