Short Interest in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Grows By 28.3%

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) 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. Based on an average trading volume of 3,070,000 shares, the days-to-cover ratio is currently 3.5 days. Approximately 0.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Stock Performance

Shares of Mitsubishi UFJ Financial Group stock traded up $0.42 on Tuesday, reaching $14.28. 33,983,512 shares of the stock were exchanged, compared to its average volume of 4,712,176. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. Mitsubishi UFJ Financial Group has a twelve month low of $8.75 and a twelve month high of $14.36. The firm has a market capitalization of $172.27 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.16 and a beta of 0.60. The business has a 50 day moving average price of $12.62 and a two-hundred day moving average price of $11.61.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates 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%. Analysts anticipate that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MUFG. Northern Trust Corp lifted its stake in shares of Mitsubishi UFJ Financial Group by 46.6% in the 4th quarter. Northern Trust Corp now owns 10,522,079 shares of the company’s stock valued at $123,319,000 after purchasing an additional 3,342,330 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 5.4% in the 4th quarter. Natixis Advisors LLC now owns 9,850,891 shares of the company’s stock valued at $115,452,000 after purchasing an additional 507,578 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Mitsubishi UFJ Financial Group by 15.7% during the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock worth $79,947,000 after acquiring an additional 1,067,409 shares in the last quarter. Royal Bank of Canada lifted its stake in Mitsubishi UFJ Financial Group by 40.4% during the 4th quarter. Royal Bank of Canada now owns 6,021,271 shares of the company’s stock worth $70,570,000 after acquiring an additional 1,731,873 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC lifted its stake in Mitsubishi UFJ Financial Group by 4.2% during the 4th quarter. Chevy Chase Trust Holdings LLC now owns 5,950,256 shares of the company’s stock worth $69,737,000 after acquiring an additional 241,685 shares in the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

About Mitsubishi UFJ Financial Group

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.