Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Sees Large Increase in Short Interest

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 10,650,000 shares, an increase of 28.3% from the February 13th total of 8,300,000 shares. Approximately 0.1% of the company's shares are sold short. Based on an average trading volume of 3,070,000 shares, the short-interest ratio is presently 3.5 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in MUFG. Forum Financial Management LP raised its position in shares of Mitsubishi UFJ Financial Group by 5.7% in the 4th quarter. Forum Financial Management LP now owns 357,561 shares of the company's stock worth $4,191,000 after purchasing an additional 19,122 shares during the last quarter. Toronto Dominion Bank purchased a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth about $4,525,000. Vise Technologies Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 70.4% in the 4th quarter. Vise Technologies Inc. now owns 202,221 shares of the company's stock worth $2,370,000 after purchasing an additional 83,545 shares during the last quarter. Gordian Capital Singapore Pte Ltd raised its position in shares of Mitsubishi UFJ Financial Group by 74.5% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 105,000 shares of the company's stock worth $1,231,000 after purchasing an additional 44,826 shares during the last quarter. Finally, Waverly Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group in the 4th quarter worth about $152,000. Hedge funds and other institutional investors own 13.59% of the company's stock.

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Mitsubishi UFJ Financial Group Stock Up 4.1 %

Mitsubishi UFJ Financial Group stock traded up $0.59 on Friday, hitting $14.92. 47,364,404 shares of the stock traded hands, compared to its average volume of 2,937,025. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. The firm has a market cap of $180.10 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60. The business's fifty day simple moving average is $12.75 and its 200 day simple moving average is $11.67. Mitsubishi UFJ Financial Group has a 1 year low of $8.75 and a 1 year high of $15.05.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. As a group, sell-side analysts forecast that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current year.

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.