Mitsubishi Estate Co. (OTCMKTS:MITEY) Stock Short Interest Declines 92.8%

Mitsubishi Estate Co. (OTCMKTS:MITEY) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 3,659 shares, a decline of 92.8% from the September 30th total of 51,139 shares. Based on an average trading volume of 151,239 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of 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 currently has a consensus rating of “Hold”.

Mitsubishi Estate Stock Down 2.7%

OTCMKTS:MITEY traded down $0.65 during mid-day trading on Wednesday, hitting $23.48. The company had a trading volume of 6,460 shares, compared to its average volume of 68,034. The business has a fifty day simple moving average of $23.15 and a 200-day simple moving average of $26.17. 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 1 year low of $20.09 and a 1 year high of $35.17. The firm has a market capitalization of $28.43 billion, a price-to-earnings ratio of 15.55 and a beta of 0.14.

Mitsubishi Estate Company Profile

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

The company is closely associated with the Marunouchi district in central Tokyo, where it has played a major role in the long-term redevelopment of office, retail, cultural and public spaces.