Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Sees Significant Decline in Short Interest

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 32,400 shares, a drop of 46.0% from the January 31st total of 60,000 shares. Based on an average daily trading volume, of 147,700 shares, the short-interest ratio is presently 0.2 days.

Mitsubishi Estate Trading Down 0.9 %

Mitsubishi Estate stock traded down $0.13 during midday trading on Friday, reaching $14.67. The stock had a trading volume of 163,586 shares, compared to its average volume of 100,184. The company has a fifty day moving average price of $14.11 and a two-hundred day moving average price of $14.86. The company has a market capitalization of $18.35 billion, a P/E ratio of 14.24 and a beta of 0.47. Mitsubishi Estate has a 12 month low of $12.78 and a 12 month high of $20.40.

Mitsubishi Estate (OTCMKTS:MITEY) last issued its earnings results on Friday, February 7th. The company reported $0.28 earnings per share for the quarter. Mitsubishi Estate had a return on equity of 5.27% and a net margin of 12.13%.

About Mitsubishi Estate

Mitsubishi Estate Co, Ltd. engages in the real estate activities in Japan and internationally. The company develops, leases, manages, and sells office buildings and commercial facilities; operates rental offices, coworking space, virtual offices, hourly meeting rooms, home delivery storage service, commercial nursing homes, and building garages; offers real estate management, as well as building management services, such as security, facility management, cleaning, and planting services; and operates hotels and airports.