Short Interest in Mizuho Financial Group, Inc. (NYSE:MFG) Drops By 48.3%

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 2,250,000 shares, a decrease of 48.3% from the April 30th total of 4,350,000 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 3,450,000 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Mizuho Financial Group

Several hedge funds have recently bought and sold shares of the stock. Spire Wealth Management increased its stake in Mizuho Financial Group by 377.8% in the 4th quarter. Spire Wealth Management now owns 5,504 shares of the bank's stock worth $27,000 after purchasing an additional 4,352 shares during the period. Brooklyn Investment Group boosted its position in shares of Mizuho Financial Group by 166.3% in the 1st quarter. Brooklyn Investment Group now owns 5,499 shares of the bank's stock worth $30,000 after purchasing an additional 3,434 shares in the last quarter. Bessemer Group Inc. increased its stake in Mizuho Financial Group by 51.5% during the 4th quarter. Bessemer Group Inc. now owns 6,430 shares of the bank's stock valued at $31,000 after purchasing an additional 2,187 shares in the last quarter. Allworth Financial LP boosted its stake in Mizuho Financial Group by 81.8% during the 1st quarter. Allworth Financial LP now owns 6,611 shares of the bank's stock valued at $36,000 after purchasing an additional 2,975 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Mizuho Financial Group in the 1st quarter worth $42,000. 3.26% of the stock is currently owned by institutional investors.

Mizuho Financial Group Trading Down 1.3%

NYSE MFG traded down $0.08 on Tuesday, reaching $5.55. The company had a trading volume of 1,481,951 shares, compared to its average volume of 2,716,052. The firm has a market cap of $69.85 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 0.76 and a beta of 0.38. Mizuho Financial Group has a fifty-two week low of $3.45 and a fifty-two week high of $6.08. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96. The business has a 50 day moving average of $5.06 and a two-hundred day moving average of $5.22.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The bank reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $12.84 billion for the quarter, compared to analysts' expectations of $5.38 billion. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. Analysts forecast that Mizuho Financial Group will post 0.42 EPS for the current 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.