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

Mitsubishi Estate Co. (OTCMKTS:MITEY) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 7,891 shares, a decrease of 70.1% from the April 30th total of 26,385 shares. Based on an average daily volume of 88,601 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Mitsubishi Estate Trading Down 0.6%

MITEY traded down $0.16 during mid-day trading on Friday, hitting $25.25. 141,720 shares of the stock were exchanged, compared to its average volume of 52,808. The firm’s fifty day moving average is $27.74 and its two-hundred day moving average is $26.91. Mitsubishi Estate has a 1-year low of $17.23 and a 1-year high of $35.17. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 1.26. The company has a market cap of $30.74 billion, a PE ratio of 21.22 and a beta of 0.16.

About Mitsubishi Estate

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.