Mitsubishi Estate Co. (OTCMKTS:MITEY) Short Interest Update

Mitsubishi Estate Co. (OTCMKTS:MITEY) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 20,007 shares, a growth of 3,754.9% from the August 31st total of 519 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 135,015 shares, the days-to-cover ratio is presently 0.1 days.

Mitsubishi Estate Stock Performance

Shares of Mitsubishi Estate stock opened at $23.01 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.89 and a quick ratio of 1.35. The firm has a market cap of $27.87 billion, a price-to-earnings ratio of 15.24 and a beta of 0.12. The stock’s 50-day moving average is $23.79 and its 200-day moving average is $25.94. Mitsubishi Estate has a one year low of $20.09 and a one year high of $35.17.

Analyst Ratings Changes

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

Mitsubishi Estate Company Profile

Mitsubishi Estate Co, Ltd. is a Japanese real estate company and a core member of the Mitsubishi Group. Founded in 1937, the company develops, owns, leases and manages office buildings, commercial properties, residential communities, hotels, logistics facilities and other real estate assets.

The company is particularly known for its long-term development of the Marunouchi district near Tokyo Station, one of Japan’s leading business and commercial areas. Its services also include property management, real estate brokerage, investment management and urban redevelopment.

Mitsubishi Estate primarily serves customers in Japan while also pursuing real estate development and investment activities in selected international markets, including the United States, the United Kingdom and parts of Asia.