Short Interest in Mitsubishi Estate Co. (OTCMKTS:MITEY) Decreases By 84.5%

Mitsubishi Estate Co. (OTCMKTS:MITEY) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 584 shares, a decline of 84.5% from the July 30th total of 3,767 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 211,061 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, Mitsubishi Estate presently has a consensus rating of “Hold”.

Mitsubishi Estate Stock Performance

Shares of MITEY traded up $0.34 during mid-day trading on Wednesday, reaching $23.70. The company’s stock had a trading volume of 2,823 shares, compared to its average volume of 66,984. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 1.26. Mitsubishi Estate has a 1-year low of $18.18 and a 1-year high of $35.17. The business has a 50-day simple moving average of $24.68 and a two-hundred day simple moving average of $27.23. The stock has a market cap of $28.70 billion, a P/E ratio of 15.69 and a beta of 0.13.

Mitsubishi Estate Company Profile

Mitsubishi Estate Co, Ltd. (OTCMKTS: MITEY) is one of Japan’s largest real estate developers and a core company within the Mitsubishi corporate group. Headquartered in Tokyo, the firm is best known for large-scale urban development and property leasing, including landmark office districts and mixed-use complexes in central Tokyo. Its businesses span the full real estate value chain, from land acquisition and project development to leasing, sales, property and facility management, and real estate investment management.

The company’s commercial activities cover office buildings, retail and commercial facilities, residential housing, hotels and resorts, and logistics properties.