Mitsubishi Estate Co. (OTCMKTS:MITEY) Sees Large Decline in Short Interest

Mitsubishi Estate Co. (OTCMKTS:MITEY) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 3,767 shares, a drop of 92.4% from the July 15th total of 49,319 shares. Based on an average trading volume of 148,231 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Mitsubishi Estate Stock Up 0.5%

OTCMKTS MITEY traded up $0.12 during trading on Thursday, hitting $23.27. The stock had a trading volume of 116,648 shares, compared to its average volume of 65,121. Mitsubishi Estate has a 12 month low of $18.18 and a 12 month high of $35.17. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.39 and a current ratio of 1.97. The company’s 50-day moving average price is $25.11 and its two-hundred day moving average price is $27.39. The company has a market capitalization of $28.18 billion, a PE ratio of 15.41 and a beta of 0.13.

Wall Street Analysts Forecast Growth

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, Based on data from MarketBeat.com, Mitsubishi Estate has a consensus rating of “Hold”.

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.