Short Interest in Mizuho Financial Group, Inc. (NYSE:MFG) Grows By 358.8%

Key Points

• Mizuho Financial Group experienced a dramatic increase in short interest of **358.8%**, rising from 658,300 shares to 3,020,000 shares by July 31st.
• The company's stock price decreased to **$6.68**, with its market cap standing at **$84.14 billion**, and a price-to-earnings ratio of **13.92**.
• Analysts upgraded Mizuho Financial from a "sell" rating to a "hold" rating, indicating positive shifts in market perception and expectations.

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 3,020,000 shares, anincreaseof358.8% from the July 15th total of 658,300 shares. Based on an average trading volume of 3,200,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately0.0% of the shares of the stock are short sold. Approximately0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,200,000 shares, the days-to-cover ratio is presently 0.9 days.

Mizuho Financial Group Stock Performance

Shares of NYSE MFG traded up $0.18 during trading hours on Friday, reaching $6.68. The stock had a trading volume of 2,343,529 shares, compared to its average volume of 2,809,268. The business's fifty day moving average is $5.73 and its two-hundred day moving average is $5.48. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $84.14 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 0.86 and a beta of 0.39. Mizuho Financial Group has a twelve month low of $3.91 and a twelve month high of $6.79.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last issued its earnings results on Thursday, July 31st. The bank reported $0.15 EPS for the quarter, meeting analysts' consensus estimates of $0.15. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%. The business had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.42 billion. As a group, research analysts expect that Mizuho Financial Group will post 0.42 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Mizuho Financial Group from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd.

Institutional Trading of Mizuho Financial Group

A number of large investors have recently bought and sold shares of MFG. Seeds Investor LLC boosted its holdings in Mizuho Financial Group by 18.6% in the second quarter. Seeds Investor LLC now owns 12,237 shares of the bank's stock valued at $68,000 after acquiring an additional 1,917 shares during the last quarter. Brighton Jones LLC boosted its holdings in Mizuho Financial Group by 19.3% during the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank's stock worth $60,000 after buying an additional 1,998 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Mizuho Financial Group by 51.5% during the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank's stock worth $31,000 after buying an additional 2,187 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in Mizuho Financial Group by 6.7% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 34,890 shares of the bank's stock worth $171,000 after buying an additional 2,188 shares during the last quarter. Finally, Lido Advisors LLC boosted its holdings in Mizuho Financial Group by 9.2% during the fourth quarter. Lido Advisors LLC now owns 26,798 shares of the bank's stock worth $131,000 after buying an additional 2,249 shares during the last quarter. 3.26% of the stock is currently owned by institutional investors.

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.

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