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

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) was the recipient of a large increase in short interest during the month of 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 shares of the stock are short sold. Based on an average daily volume of 3,070,000 shares, the days-to-cover ratio is presently 3.5 days.

Mitsubishi UFJ Financial Group Trading Up 1.6 %

NYSE:MUFG traded up $0.22 during trading hours on Monday, hitting $13.88. The company had a trading volume of 21,472,617 shares, compared to its average volume of 2,550,631. 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 company has a 50-day moving average of $12.58 and a 200 day moving average of $11.58. The company has a market cap of $167.46 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.16 and a beta of 0.60. Mitsubishi UFJ Financial Group has a 1 year low of $8.75 and a 1 year high of $13.97.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (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%. Sell-side analysts expect that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

A number of hedge funds have recently modified their holdings of MUFG. Forum Financial Management LP lifted its stake in Mitsubishi UFJ Financial Group by 5.7% during the 4th quarter. Forum Financial Management LP now owns 357,561 shares of the company’s stock worth $4,191,000 after acquiring an additional 19,122 shares in the last quarter. Toronto Dominion Bank acquired a new position in Mitsubishi UFJ Financial Group during the 4th quarter worth about $4,525,000. Vise Technologies Inc. raised its position in Mitsubishi UFJ Financial Group by 70.4% in the 4th quarter. Vise Technologies Inc. now owns 202,221 shares of the company’s stock valued at $2,370,000 after purchasing an additional 83,545 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its position in 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 valued at $1,231,000 after purchasing an additional 44,826 shares in the last quarter. Finally, Waverly Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group in the 4th quarter valued at about $152,000. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.