Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Short Interest Down 12.2% in May

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 11,800,000 shares, a decline of 12.2% from the April 30th total of 13,440,000 shares. Based on an average trading volume of 9,260,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.1% of the shares of the company are short sold.

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG opened at $13.78 on Thursday. Mitsubishi UFJ Financial Group has a 52-week low of $8.75 and a 52-week high of $15.03. The business’s 50-day moving average price is $12.63 and its 200 day moving average price is $12.53. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The firm has a market cap of $166.29 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.16 and a beta of 0.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. The business had revenue of $22.91 billion during the quarter, compared to analysts’ expectations of $6.47 billion. On average, equities research analysts expect that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

A number of large investors have recently bought and sold shares of MUFG. Whipplewood Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group in the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter valued at approximately $32,000. Nisa Investment Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group in the first quarter valued at $41,000. Financial Management Professionals Inc. grew its stake in shares of Mitsubishi UFJ Financial Group by 116.7% during the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company’s stock worth $44,000 after purchasing an additional 1,754 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 33.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock valued at $59,000 after purchasing an additional 1,279 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, May 16th.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.