Mitsubishi Estate Co. (OTCMKTS:MITEY) Shares Shorted: Short Interest Up 155.6% in September

Mitsubishi Estate Co. (OTCMKTS:MITEY) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 51,139 shares, an increase of 155.6% from the September 15th total of 20,007 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 175,631 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Mitsubishi Estate Stock Performance

Mitsubishi Estate stock traded down $0.44 during mid-day trading on Wednesday, reaching $21.49. The company’s stock had a trading volume of 45,139 shares, compared to its average volume of 69,005. The business has a 50 day moving average price of $23.13 and a 200-day moving average price of $25.26. The company has a current ratio of 1.89, a quick ratio of 1.35 and a debt-to-equity ratio of 1.19. Mitsubishi Estate has a twelve month low of $20.09 and a twelve month high of $35.17. The firm has a market cap of $26.03 billion, a price-to-earnings ratio of 14.23 and a beta of 0.14.

About Mitsubishi Estate

Mitsubishi Estate Co, Ltd. is a Japan-based real estate company engaged in the development, ownership, leasing and management of commercial, residential and mixed-use properties. Its portfolio includes office buildings, retail facilities, hotels, logistics properties and residential developments, as well as related real estate services.

The company is closely associated with the development and management of the Marunouchi and Otemachi districts in central Tokyo, where it operates a large concentration of office, retail, dining and cultural facilities.