Mizuho Financial Group, Inc. (NYSE:MFG) Short Interest Up 64.1% in May

Mizuho Financial Group, Inc. (NYSE:MFG) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 5,689,647 shares, an increase of 64.1% from the May 14th total of 3,466,278 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 3,796,156 shares, the days-to-cover ratio is currently 1.5 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b+)” rating on shares of Mizuho Financial Group in a report on Friday, May 1st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Mizuho Financial Group Trading Down 0.3%

NYSE:MFG opened at $9.66 on Tuesday. Mizuho Financial Group has a 12 month low of $5.35 and a 12 month high of $10.28. The stock has a 50 day moving average of $8.86 and a two-hundred day moving average of $8.39. The firm has a market cap of $119.25 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 0.61 and a beta of 0.46.

Institutional Investors Weigh In On Mizuho Financial Group

Several large investors have recently bought and sold shares of MFG. Brighton Jones LLC increased its stake in Mizuho Financial Group by 19.3% during the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after buying an additional 1,998 shares in the last quarter. AQR Capital Management LLC increased its stake in Mizuho Financial Group by 29.3% during the 1st quarter. AQR Capital Management LLC now owns 392,998 shares of the bank’s stock worth $2,165,000 after buying an additional 89,095 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Mizuho Financial Group by 0.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,508,417 shares of the bank’s stock worth $79,941,000 after buying an additional 57,806 shares in the last quarter. Focus Partners Wealth increased its stake in Mizuho Financial Group by 129.0% during the 1st quarter. Focus Partners Wealth now owns 51,966 shares of the bank’s stock worth $286,000 after buying an additional 29,273 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Mizuho Financial Group by 89.6% during the 1st quarter. Acadian Asset Management LLC now owns 13,663 shares of the bank’s stock worth $74,000 after buying an additional 6,455 shares in the last quarter. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.