Mitsubishi Estate Co. (OTCMKTS:MITEY) Short Interest Down 84.5% in August

Mitsubishi Estate Co. (OTCMKTS:MITEY) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 584 shares, a decrease of 84.5% from the July 30th total of 3,767 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 211,061 shares, the days-to-cover ratio is currently 0.0 days.

Mitsubishi Estate Price Performance

Shares of OTCMKTS MITEY traded up $0.34 during mid-day trading on Wednesday, reaching $23.70. The company had a trading volume of 2,823 shares, compared to its average volume of 66,984. The firm has a market cap of $28.70 billion, a price-to-earnings ratio of 15.69 and a beta of 0.13. The business’s 50-day simple moving average is $24.68 and its 200 day simple moving average is $27.23. Mitsubishi Estate has a one year low of $18.18 and a one year high of $35.17. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.39 and a current ratio of 1.97.

Analyst Ratings Changes

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

Mitsubishi Estate Company Profile

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.