Mizuho Financial Group Inc. (NYSE:MFG) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 1,467,977 shares, a decline of 40.4% from the October 31st total of 2,462,646 shares. Based on an average daily trading volume, of 914,990 shares, the short-interest ratio is currently 1.6 days.
Shares of MFG opened at $3.16 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.92 and a current ratio of 0.91. Mizuho Financial Group has a 1-year low of $3.11 and a 1-year high of $4.00. The firm has a market cap of $39.83 billion, a P/E ratio of 7.85 and a beta of 1.18.
Separately, Citigroup started coverage on shares of Mizuho Financial Group in a report on Tuesday, November 13th. They set a “neutral” rating on the stock.
A number of hedge funds have recently added to or reduced their stakes in MFG. Wolverine Asset Management LLC boosted its position in Mizuho Financial Group by 292.3% during the second quarter. Wolverine Asset Management LLC now owns 980,809 shares of the bank’s stock worth $3,324,000 after purchasing an additional 730,809 shares during the period. Aperio Group LLC boosted its position in Mizuho Financial Group by 8.9% during the third quarter. Aperio Group LLC now owns 4,198,813 shares of the bank’s stock worth $14,696,000 after purchasing an additional 342,460 shares during the period. Northern Trust Corp boosted its position in Mizuho Financial Group by 2.7% during the second quarter. Northern Trust Corp now owns 11,899,088 shares of the bank’s stock worth $40,338,000 after purchasing an additional 310,847 shares during the period. Crossmark Global Holdings Inc. boosted its position in Mizuho Financial Group by 8.5% during the third quarter. Crossmark Global Holdings Inc. now owns 2,394,007 shares of the bank’s stock worth $8,379,000 after purchasing an additional 187,798 shares during the period. Finally, Dean Capital Investments Management LLC bought a new position in Mizuho Financial Group during the second quarter worth $341,000. 0.44% of the stock is owned by hedge funds and other institutional investors.
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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, and Asia/Oceania. 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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