Mizuho Financial Group, Inc. (NYSE:MFG) Sees Large Drop in Short Interest

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

Mizuho Financial Group Price Performance

Mizuho Financial Group stock opened at $5.56 on Monday. Mizuho Financial Group has a 52 week low of $3.45 and a 52 week high of $6.08. The business has a 50-day simple moving average of $5.07 and a 200 day simple moving average of $5.21. The stock has a market cap of $70.04 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.76 and a beta of 0.38. 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 - Get Free Report) last released its earnings results on Thursday, May 15th. The bank reported $0.03 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.03. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. The firm had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $5.38 billion. On average, research analysts forecast that Mizuho Financial Group will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of Mizuho Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Brooklyn Investment Group raised its holdings in shares of Mizuho Financial Group by 166.3% during the 1st quarter. Brooklyn Investment Group now owns 5,499 shares of the bank's stock valued at $30,000 after buying an additional 3,434 shares during the period. Spire Wealth Management lifted its position in shares of 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 buying an additional 4,352 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Mizuho Financial Group by 51.5% during the fourth 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 during the last quarter. Allworth Financial LP increased its position in Mizuho Financial Group by 81.8% in the first quarter. Allworth Financial LP now owns 6,611 shares of the bank's stock worth $36,000 after buying an additional 2,975 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Mizuho Financial Group in the 1st quarter valued at about $42,000. 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.