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

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered 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 company presently has an average rating of “Hold”.

Mitsubishi Estate Price Performance

Shares of Mitsubishi Estate stock traded down $0.05 on Thursday, hitting $23.01. The company had a trading volume of 101,454 shares, compared to its average volume of 68,999. Mitsubishi Estate has a 52 week low of $20.09 and a 52 week high of $35.17. 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 company has a market cap of $27.87 billion, a PE ratio of 15.24 and a beta of 0.12. The business has a 50-day simple moving average of $23.84 and a 200-day simple moving average of $25.99.

About Mitsubishi Estate

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.