Mizuho Financial Group, Inc. (NYSE:MFG) Short Interest Down 72.6% in October

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 2,450,000 shares, a decrease of 72.6% from the September 30th total of 8,930,000 shares. Based on an average trading volume of 2,080,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.0% of the company's shares are short sold.

Mizuho Financial Group Stock Performance

Shares of NYSE:MFG remained flat at $4.10 during mid-day trading on Friday. 666,965 shares of the company were exchanged, compared to its average volume of 1,277,197. The stock has a fifty day moving average of $4.15 and a 200 day moving average of $4.09. Mizuho Financial Group has a 1-year low of $3.14 and a 1-year high of $4.63. The company has a market cap of $51.89 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 0.69 and a beta of 0.39. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.96 and a current ratio of 0.96.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its earnings results on Wednesday, July 31st. The bank reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. Mizuho Financial Group had a net margin of 6.38% and a return on equity of 6.64%. The company had revenue of $15.27 billion for the quarter. On average, equities analysts anticipate that Mizuho Financial Group will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its holdings in shares of Mizuho Financial Group by 10.9% in the second quarter. American Century Companies Inc. now owns 2,391,343 shares of the bank's stock valued at $10,115,000 after buying an additional 234,972 shares during the period. Creative Planning increased its holdings in Mizuho Financial Group by 8.8% during the 3rd quarter. Creative Planning now owns 803,259 shares of the bank's stock worth $3,358,000 after purchasing an additional 65,185 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Mizuho Financial Group by 3.2% in the 2nd quarter. Natixis Advisors LLC now owns 743,706 shares of the bank's stock valued at $3,146,000 after purchasing an additional 22,802 shares during the period. QRG Capital Management Inc. raised its stake in shares of Mizuho Financial Group by 4.7% in the 2nd quarter. QRG Capital Management Inc. now owns 653,268 shares of the bank's stock valued at $2,763,000 after purchasing an additional 29,169 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Mizuho Financial Group by 6.4% during the second quarter. Envestnet Asset Management Inc. now owns 538,398 shares of the bank's stock worth $2,277,000 after buying an additional 32,462 shares during the period. 3.26% of the stock is currently owned by institutional investors.

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, Asia/Oceania, and internationally. It operates through Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, Asset Management Company, and Others segments.