Short Interest in Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Drops By 33.0%

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 60,000 shares, a decline of 33.0% from the January 15th total of 89,500 shares. Based on an average trading volume of 188,700 shares, the days-to-cover ratio is presently 0.3 days.

Mitsubishi Estate Stock Performance

OTCMKTS:MITEY traded up $0.05 during trading hours on Friday, reaching $14.53. The stock had a trading volume of 34,102 shares, compared to its average volume of 108,236. Mitsubishi Estate has a 52 week low of $12.78 and a 52 week high of $20.40. The company has a 50 day moving average price of $13.96 and a two-hundred day moving average price of $14.93. The stock has a market capitalization of $18.17 billion, a PE ratio of 15.62 and a beta of 0.47.

Mitsubishi Estate (OTCMKTS:MITEY) last announced its earnings results on Friday, February 7th. The company reported $0.28 EPS for the quarter. Mitsubishi Estate had a return on equity of 5.27% and a net margin of 11.39%.

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.