Short Interest in Mizuho Financial Group, Inc. (NYSE:MFG) Drops By 18.0%

Mizuho Financial Group, Inc. (NYSE:MFGGet Rating) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,690,000 shares, a drop of 18.0% from the March 31st total of 2,060,000 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 912,500 shares, the days-to-cover ratio is currently 1.9 days.

Mizuho Financial Group stock opened at $2.38 on Friday. Mizuho Financial Group has a 1-year low of $2.33 and a 1-year high of $3.21. The firm has a market capitalization of $30.18 billion, a PE ratio of 5.53, a price-to-earnings-growth ratio of 0.74 and a beta of 0.54. The firm’s 50 day simple moving average is $2.58 and its 200 day simple moving average is $2.64.

Mizuho Financial Group (NYSE:MFGGet Rating) last released its quarterly earnings results on Wednesday, February 2nd. The bank reported $0.05 earnings per share for the quarter. The firm had revenue of $6.74 billion for the quarter. Mizuho Financial Group had a net margin of 18.32% and a return on equity of 5.15%. As a group, research analysts anticipate that Mizuho Financial Group will post 0.36 earnings per share for the current year.

Several research firms recently commented on MFG. StockNews.com began coverage on shares of Mizuho Financial Group in a report on Thursday, March 31st. They issued a “hold” rating for the company. Bank of America upgraded Mizuho Financial Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 11th. The Goldman Sachs Group initiated coverage on Mizuho Financial Group in a report on Wednesday, April 27th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research raised Mizuho Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday.

A number of institutional investors have recently bought and sold shares of the stock. Morningstar Investment Services LLC lifted its position in Mizuho Financial Group by 7.6% during the fourth quarter. Morningstar Investment Services LLC now owns 64,652 shares of the bank’s stock valued at $165,000 after purchasing an additional 4,579 shares during the last quarter. CWM LLC raised its position in shares of Mizuho Financial Group by 53.4% during the 1st quarter. CWM LLC now owns 14,241 shares of the bank’s stock valued at $37,000 after buying an additional 4,958 shares in the last quarter. D Orazio & Associates Inc. lifted its holdings in shares of Mizuho Financial Group by 24.7% during the 1st quarter. D Orazio & Associates Inc. now owns 25,703 shares of the bank’s stock worth $66,000 after acquiring an additional 5,089 shares during the last quarter. Eagle Asset Management Inc. grew its position in Mizuho Financial Group by 5.2% in the fourth quarter. Eagle Asset Management Inc. now owns 111,632 shares of the bank’s stock worth $285,000 after acquiring an additional 5,532 shares in the last quarter. Finally, Optas LLC increased its stake in Mizuho Financial Group by 29.4% in the first quarter. Optas LLC now owns 25,150 shares of the bank’s stock valued at $65,000 after acquiring an additional 5,715 shares during the last quarter. Institutional investors and hedge funds own 1.66% of the company’s stock.

Mizuho Financial Group Company Profile (Get Rating)

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 five segments: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company.

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