Mizuho Financial Group, Inc. (NYSE:MFG) Sees Significant Growth in Short Interest

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 target of a significant increase in short interest during the month of 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. Currently,0.0% of the company's shares are sold short. Based on an average daily volume of 3,200,000 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 3,200,000 shares, the short-interest ratio is presently 0.9 days. Currently,0.0% of the company's shares are sold short.

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.

Mizuho Financial Group Trading Up 1.0%

Mizuho Financial Group stock traded up $0.0650 during trading hours on Wednesday, hitting $6.5350. The company had a trading volume of 2,646,621 shares, compared to its average volume of 2,457,514. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $82.32 billion, a P/E ratio of 13.61, a P/E/G ratio of 0.87 and a beta of 0.39. The company has a 50-day moving average price of $5.81 and a two-hundred day moving average price of $5.51. Mizuho Financial Group has a 1 year low of $3.91 and a 1 year 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, hitting analysts' consensus estimates of $0.15. The business had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.42 billion. Mizuho Financial Group had a net margin of 10.16% and a return on equity of 8.48%. On average, sell-side analysts anticipate that Mizuho Financial Group will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Mizuho Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Evergreen Capital Management LLC grew its position in shares of Mizuho Financial Group by 2.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 106,595 shares of the bank's stock worth $593,000 after buying an additional 2,190 shares in the last quarter. Captrust Financial Advisors lifted its stake in Mizuho Financial Group by 3.0% in the second quarter. Captrust Financial Advisors now owns 185,587 shares of the bank's stock worth $1,032,000 after acquiring an additional 5,319 shares during the period. Keel Point LLC lifted its stake in Mizuho Financial Group by 11.9% in the second quarter. Keel Point LLC now owns 32,596 shares of the bank's stock worth $181,000 after acquiring an additional 3,477 shares during the period. Vident Advisory LLC grew its holdings in Mizuho Financial Group by 123.6% during the 2nd quarter. Vident Advisory LLC now owns 334,461 shares of the bank's stock worth $1,860,000 after acquiring an additional 184,909 shares in the last quarter. Finally, MML Investors Services LLC increased its position in Mizuho Financial Group by 25.4% during the 2nd quarter. MML Investors Services LLC now owns 180,556 shares of the bank's stock valued at $1,004,000 after purchasing an additional 36,544 shares during the period. 3.26% of the stock is 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.